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Barry Ritholtz – still bullish on stocks, but not for the long term
Posted By Prieur du Plessis On December 19, 2009 @ 10:00 am In Investment,Markets,Money | No Comments
“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 [1], CEO of Fusion IQ in an interview on Yahoo Finance – Tech Ticker [2].
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 [2], December 18, 2009.
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URLs in this post:
[1] Barry Ritholtz: http://www.ritholtz.com/blog/
[2] Yahoo Finance – Tech Ticker: http://finance.yahoo.com/tech-ticker/barry-ritholtz-is-still-bullish-on-stocks-but-not-for-the-long-term-395059.html?tickers=C,XLF,ORCL,RIMM,TTWO,%5eDJI,%5eGSPC
[3] Did you enjoy this post? If so, click here to subscribe to updates to Investment Postcards from Cape Town by e-mail.: http://www.feedburner.com/fb/a/emailverifySubmit?feedId=921608&loc=en_US
[4] (What's this?): http://www.wikinvest.com/blogger/wikinvest_wire
[5] Yahoo's New CEO: The One Thing Scott Thompson Needs to Do: https://moneymorning.com/2012/01/27/yahoos-new-ceo-one-thing-scott-thompson-needs-to-do
[6] Yahoo’s New CEO Can’t Save The Sinking Ship: http://investmentunderground.com/2012/01/07/yahoos-new-ceo-cant-save-the-sinking-ship
[7] Dollar Bull Trend NOT Over: http://www.thetechnicaltake.com/2012/01/13/dollar-bull-trend-not-over
[8] Bull market: http://www.wikinvest.com/wiki/Bull_market
[9] Yahoo!: http://www.wikinvest.com/stock/Yahoo!_(YHOO)
[10] Wikinvest: http://www.wikinvest.com
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