"The ADL made a new high. Our data goes back to 1926. From 1926 to the present, over 90 years, we've never had a top in the ADL at a price top that was the ATH (all time high) in the market. It could correct after that, but, the eventual high in the market will come at a lower (high in the ) ADL. That is the reality of the stock market." - Richard Mogey
About Richard Mogey:
Richard Mogey, one of the world’s foremost authorities on cycles,
has been studying cyclic activity in disciplines from natural phenomena
to financial markets. He is a direct heir to the philosophy of Edward
R. Dewey who founded the Foundation for the Study of Cycles.
From 1988 to 1997 Mr. Mogey was the Research Director, Executive
Director, Chief Financial Officer, and Chief Economist for the “
Foundation for the Study of Cycles, Inc.”,
an international nonprofit research organization. He was the chief
statistician and economist at the Foundation from 1989 to 1997. He
created and co-authored two magazines for investors,
Business and Investment Cycles and
Cycles Projections, and was responsible for the editorial content of the popular journal,
Cycles Magazine. He has co-developed the Foundation’s cycle analysis software, Techsignal.
From 2005 to 2010, Mr. Mogey was the Chief Voluntary Officer and
Research Director of the Foundation in helping lead the Foundation into
the 21st Century.
From 1997 after his retirement from the Foundation he served as
chief economist for Iris Financial Group in Portland, Oregon.
In 2004 he rejoined the Foundation as Director of Research and Chief Economist, and remained in that position until 2010.
He has lectured at the University of Virginia and Temple
University’s Business Schools on economics and the business cycle. He
has spoken widely and has presented papers at economic conferences
world wide including the Russian Academy of Sciences. He is an
experienced computer programmer with an extensive background in
statistics.
He has a BA in Philosophy and Classics, Magna cum Laude, from the University of California at Irvine.
For Additional Information Contact:
Camirand Mogey & Fife Investment Advisors
Westlake, OH 44145
440-471-7905
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