Barry Ritholtz
Barry Ritholtz
Barry Ritholtz is an American author, newspaper columnist, blogger, equities analyst, CIO of Ritholtz Wealth Management, and guest commentator on Bloomberg Television. He is also a former contributor to CNBC and TheStreet.com...
NationalityAmerican
ProfessionAuthor
CountryUnited States of America
zero average class
Unlike cheap stocks, inexpensive asset classes have a lower chance of big drawdowns (broad asset classes don't go to zero) and a higher probability of average or better returns.
men broken may
For those of you who may be unaware, [Michael] Boskin is the economist/weasel/fraud who helped to officially distort the CPI, making it more or less worthless as a measure of inflation. The Boskin Commission... was an act of cowardice. Rather than man up and say fix this, its broken, we can't afford it....
intellectual losing debate
Keynes vs Hayek? Friedman vs Krugman? Those are the wrong intellectual debates. Its you vs. Tony Hayward, BP CEO, You vs. Lloyd Blankfein, Goldman Sachs CEO. And you are losing ...
needs sells salesman
Salesmen always need something to sell.
good juice looking market order
I'm looking for really good earnings, and I don't know that it's going to juice the market all that much. In order to go significantly higher, what's the catalyst?
bit impact middle
I don't think this has much of an impact on the U.S. markets, barring some bit of tomfoolery in the Middle East.
awful bad buy earnings great higher ideal issue opposed stocks time
The big issue is decelerating earnings growth. Earnings will still be higher but the ideal time to buy stocks is when earnings go from awful to not so bad as opposed to going from great to good.
bond economy economy-and-economics far fed less market saying
The bond market is far less sanguine about the economy than the Fed is. They are essentially saying we don't see that much strength.
baked coming continue earnings expect few great hike knows next rate seeing stock
Stock valuations have been stretched, everyone knows a rate hike is coming and great earnings are already baked into the stock market, so you're seeing this churning, and unfortunately, I would expect it to continue for the next few weeks.
anyone week
Anyone who can get away for the week does, and you end up with skeletal staffs.
bond concerned economic fed fight flock future growth investors slowing
You can't fight the bond market. There's only so much the Fed can do. If investors are more concerned about economic growth slowing down in the future than inflation, they will flock to bonds.
concern gains good news
The concern is that if a lot of the gains are in energy, that's good news for energy, but not necessarily good news for the economy.
capital favor increased instead labor numbers reason recent scale side thumb
This is one reason why recent labor numbers were lackluster, ... Accelerated deprecation put a thumb on the side of the scale in favor of increased capital expenditures instead of hiring.
accept complete cut cuts economic happy john kerry market means met might recovery reducing roll rolling seems select tax willing
The market never met a tax cut it didn't like and it would not be happy with a complete roll back, ... but if the economic recovery seems to be full-throated, the market might be willing to accept the rolling back of select tax cuts as a means of reducing the deficit, making John Edwards and John Kerry more appealing.