Barry Ritholtz of FusionIQ and The Big Picture blog says the recent market turmoil is part of a secular bear market that began in 2000. Ritholtz tells Bloomberg that he sees Treasury bonds being much like dot-com stocks were around 1997 — that is, overvalued, but likely to go up more before tumbling. He also talks about stocks he likes, including consumer staples like Wal-Mart, and says that investors’ instincts are very often wrong.