Barry Ritholtz: Don’t fight the Fed

 EmailPrint This Post Print This Post

“You can’t be short a market where the Fed is saying ‘we’ll do whatever it takes to hold up every asset class’,” said Barry Ritholtz, CEO of Fusion IQ and author of Bailout Nation in an interview with Yahoo! Finance – Tech Ticker.

Ritholtz wrote on his The Big Picture blog: “This market has had repeated opportunities to roll over, to fall on bad news, to follow other bourses lower, or to take a modest sell-off … and turn it into something more dangerous. In just about every case, Mr. Market has refused to cooperate with the bears.”

“We have a foot in cash and a foot in the long side,” he summarised his equity position.

Source: Yahoo! Finance – Tech Ticker, October 15, 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

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=""> <s> <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

October 2010
« Sep Nov »

Feed the Bull