Stock markets: What is Mr Ritholtz doing now?

 EmailPrint This Post Print This Post

Barry Ritholtz, writer of The Big Picture blog, made a call to go 100% liquid last Wednesday (see here) – a day before Thursday’s plunge – as he thought the market was overdue for a crash of 10% or more. According to Yahoo Finance – Tech Ticker, Ritholtz said: “We had been lightening up a little bit as stocks got stopped out or hit our upside targets. Obviously the market was … entering a period of more volatility so we moved to 100% cash. The collapse the next day was more luck than anything. Sometimes it’s better to be lucky than smart.”

Looking ahead, he said: “The most accurate way to describe our perspective now is to say: the data that typically accompany real tops are just not there yet. We could be moving in that direction but … I’m leaning toward [thinking] this was the correction we were looking for. When things are really uncertain and disheveled you sometimes have to step back and say ‘there’s no clarity here’. Now we’re kind of just watching how this plays out.” In the meantime, Ritholtz’s firm Fusion IQ is making no big bets and is just trading in and out of positions.

That is the word according to Mr Ritholtz.

Source: Yahoo Finance – Tech Ticker, May 12, 2010.

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

OverSeas Radio Network

1 comment to Stock markets: What is Mr Ritholtz doing now?

Leave a Reply

  

  

  

You can use these HTML tags

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

Top 100 Financial Blogs

Recent Posts

Charts & Indexes

Gold Price (US$)

Don Coxe’s Weekly Webcast

Podcast – Dow Jones


One minute - every hour - weekdays
(requires Windows Media Player)
newsflashr network
National Debt Clock

Calendar of Posts

May 2010
MTWTFSS
« Apr Jun »
 12
3456789
10111213141516
17181920212223
24252627282930
31 

Feed the Bull