Barry Ritholtz is Yahoo Tech Ticker’s Guest of the Year

On March 10, Barry Ritholtz, CEO of Fusion IQ, came on Tech Ticker and said the “mother of all bear market rallies” was upon us.Given the appearance was within 24 hours of what proved to be a historical market bottom, that call alone would have put Ritholtz in the running as our top guest of 2009 and winner of the coveted (and fictitious) “Purple Microphone” award. Ritholtz’s call was more notable because, until then, he’d been steadfastly bearish on the market, meaning he was one of the few pundits to successfully navigate the downturn of 2008 and play the upside of 2009.But unlike many other bears who turned bullish last spring, Ritholtz didn’t abandon bullishness as the rally continued through the rest of 2009: * In May he said: Don’t Call It a Suckers Rally * In mid-September he said: The Rally May Only Be in 6th or 7th Inning * And as of last week, he was still saying you have to give the rally the benefit of the doubt, suggesting the S&P could hit 1300 before faltering. While other Tech Ticker guests were bullish on stocks in 2009, many did so because they believed a V-shaped recovery was afoot and that the housing market had bottomed. Ritholtz was able to walk the intellectual tightrope between being bullish on stocks and being skeptical about a robust recovery, especially in housing. As 2009 comes to a close, both calls are looking prescient.Still, nobody’s perfect. In mid-June, Ritholtz dismissed the “second-half recovery” story and said stocks were more apt to retest the March lows in the fall vs. hit new high, although he subsequently reverted back to the bullish (and right) side.

Vodpod videos no longer available.

Advertisements

3 Responses

  1. Thank you for the report. I’ve genuinely thought about it ahead of but never ever wanted to accomplish something about it. I do believe due to the fact of my lack of complete understanding.

  2. Good Gift Tips For Winter Sports EnthusiastsIt’s no surprise that winter sports are fashionable about Christmas time, with quite a few places with the nation just minutes or hours from excellent skiing in the course of this point of year. But what do you get the individual in your life that is crazy regarding skiing or snowboarding?The perfect wardrobe may perhaps consist of loose fitting, breathable fabrics which can be comfortable to put on and appear cool when worn. Summer clothing really need to be picked with appropriate planning to ensure that you can possess the most versatile sort of summer time put on for the entire season. Pick clothing that may be mixed and matched quickly.To stop that from taking place, do not frown an excessive amount of or raise your eye brows in surprise. Lastly, as a lot as possible make an effort to remain indoors especially involving ten am and 4pm given that that is the time that it’s very hot outdoors. When you’ve got to go out, put on a hat and even a pair of sunglasses along with an umbrella to protect your arms.

  3. “Be patient and tough; some day this pain will be useful to you” – Ovid

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: