Barry Ritholtz of FusionIQ and The Big Picture blog says the economy is slowing at an accelerating rate, but that what we’re seeing is what is to be expected from a post-financial-crisis recovery. Ritholtz tells Bloomberg that he’s gotten more conservative with his portfolio over the past couple weeks and is now about 50% in cash and bonds. “If we see a little bit of a pullback, if things get a little cheaper, that just presents an opportunity to redeploy that cash,” he says.
[youtube=http://www.youtube.com/watch?v=Zk30Nvc4EuM]