Ritholtz Talks Economy, Market

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.