Ritholtz Doesn’t Think Bottom Is Here, But He’s Scaling Back In

Barry Ritholtz of FusionIQ and The Big Picture blog says he doesn’t think the market has bottomed yet, but he is looking to move more of his portfolio back into stocks. “It might be a little early,” he tells Yahoo! Finance’s Breakout. “Our approach is we’ll leg in — 10 percent, 10 percent — over a period of weeks.” Ritholtz also says this isn’t another 2008. It may be a cyclical slowing of the economy that leads to recession, which would normally lead to a 20% to 25% drop in stocks. Europe is the wild card, he says — if the European Union somehow ends up dissolving, that would change things.