Barry Ritholtz – still bullish on stocks, but not for the long term

By Prieur du Plessis, on December 19th, 2009 posted in: Investment, Markets, Money Leave your comment

Tweet

Email

Print This Post

“The market’s bias is still to the upside. We’re giving the rally the benefit of the doubt. Innocent until proven guilty,” said Barry Ritholtz, CEO of Fusion IQ in an interview on Yahoo Finance – Tech Ticker.

Ritholtz expects the market to continue to go higher in the first part of 2010, suggesting 1,250-1,300 as an upside target for the S&P 500, but still thinks we are in a cyclical (short-term) bull market within a secular (long-term) bear market, which began in 2000.

“The goal from now until let’s call it 2015 is to preserve capital – see if you can make a little money here or there – but be ready for the next 15-to-20 year bull market,” he said.

Source: Yahoo Finance – Tech Ticker, December 18, 2009.

Did you enjoy this post? If so, click here to subscribe to updates to Investment Postcards from Cape Town by e-mail.