Ritholtz Cautious, But Sees No Sign of Market Top

Barry Ritholtz of FusionIQ and The Big Picture blog has had an excellent track record in recent years — bearish before the ’08 plunge, bullish as the market surged in 2009, and, most recently, going 100% to cash two days before the recent May 7 plunge. Ritholtz tells Yahoo! TechTicker that he expected a 10% to 15% correction in the market before last week’s big drop. The problem now, he says, is that the May… Read More

Ritholtz on the Not-So-Abnormal Rally

Barry Ritholtz of FusionIQ and The Big Picture blog says that as long as the Federal Reserve keeps interest rates near zero, it’s unwise to short stocks. “As I’ve told some of our institutional clients, you can’t be short in the face of 0% rates.” Ritholtz tells Forbes.com. “There’s just too much liquidity around to say, ‘I’m betting stocks go lower.’ So far, its been a losing trade to bet against ZIRP (zero interest rate… Read More

Ritholtz: No Signs Rally Is Ending

Barry Ritholtz of Fusion IQ and The Big Picture blog remains bullish on stocks, saying that he sees no indication that the rally is in its final stages. “As long as the fed is going to make money free … it’s hard to find a short, other than some company restating earnings,” Ritholtz tells Yahoo! TechTicker. “Nothing [in the market internals] is saying, ‘Hey it’s all over but the crying.’” Ritholtz, who saw both the… Read More

Ritholtz, Muhlenkamp Talk Markets

Barron’s assembled several top strategists for a recent round table discussion of where the markets are headed as 2010 nears. Among those participating were Fusion IQ’s Barry Ritholtz, and mutual fund manager Ron Muhlenkamp, both of whom offered some interesting thoughts. Ritholtz says he thinks we are in a “cyclical bull market rally within a secular bear market”. He makes historical comparisons between the current environment and other periods in history, and says he wouldn’t… Read More

Ritholtz on the Economy/Market Disconnect

Barry Ritholtz of The Big Picture blog and Fusion IQ says that, while the economic recovery is anemic, a number of other factors are making stocks continue to look attractive. Ritholtz, who called both the market crash and the recovery, tells Yahoo! TechTicker that as long as the economy remains weak, the Federal Reserve will likely keep interest rates at historically low levels, which is a bullish sign for stocks. Those low rates and the… Read More

No Signs Market Rally Is Done, Ritholtz Says

Barry Ritholtz of Fusion IQ and The Big Picture blog — a longtime bear who presciently turned bullish in March — says the recent rally may only be two-thirds of the way done, and says not to underestimate America’s ability to develop new ways to grow. Ritholtz tells Yahoo! TechTicker that he sees nothing in the technicals that indicates the rally is on its last leg, and says that, based on history — which is… Read More

Ritholtz Cautious, But Says “Traders’ Rally” Still Has Room to Run

Barry Ritholtz — who presciently started turning bullish back in March — says much of the market’s oversold status has been worked off, but thinks the market could continue to head upward into the fall. Ritholtz, of FusionIQ and The Big Picture blog, tells Yahoo! TechTicker that mutual fund managers have gone from a very low average exposure to equities during the financial crisis back to the more invested levels at which they were back… Read More

Ritholtz: What Green Shoots?

Barry Ritholtz of Fusion IQ and The Big Picture blog thinks the talk of a housing recovery and a general economic recovery are very premature, and that what we’re experiencing now is relief that we avoided financial Armageddon — not real forward movement. “When I hear the word soar,” Ritholtz tells Yahoo! TechTicker in discussing reports of May’s supposedly “soaring” housing starts, “I think of eagles flying in the sky, not, ‘We were at ankle… Read More

Ritholtz: Three Things to Remember in this Rally

Barry Ritholtz of The Big Picture blog writes that investors need to remember three things as they consider whether the current stock surge is a bear market rally, or the start of something bigger: Follow the Playbook: Ritholtz writes that “the smart investor’s playbook is very different in bear markets than bull markets”. In bulls, you buy the dips, and “lower prices are an opportunity to buy into equities at cheaper valuations”. Buy & hold… Read More