Investment Guru Russell: Stocks Risk Meltdown

Investment Guru Russell: Stocks Risk Meltdown: "The May 7 low for the Dow industrials was 10,221, about 1.5 percent below recent levels.

And the low for the transportation average was 4,243, about 1.4 percent below recent levels.

“If I read the stock market correctly, it’s telling me that there is a surprise ahead,” Russell wrote. “And that surprise will be a reversal to the downside for the economy, plus a collection of other troubles ahead.”

Russell, 85, has put out his newsletter every three weeks for 52 years."