dow_jones.bmp

05/10 4:11P (DJ) DJ MARKET TALK: Aren’t Higher Rates Already Priced In?

(Dow Jones) Maxim strategist Barry Ritholtz is amazed how many people believe rising interest rates and high oil prices are to blame for stock weakness. “That’s long baked into the price action,” he says. “Its absurd to think markets are so rearward looking.”

So what does Ritholtz blame the recent fall on? The Iraq war, which he calls a “mess”, the vulnerability of President Bush, a potential backlash against U.S. companies that could hurt sales, and Greenspan’s warning on deficits, which Ritholtz says means taxes are going higher.

Category: Finance

Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.

One Response to “Aren’t Higher Rates Already Priced In?”

  1. Matt Stoller says:

    A mess? What about all the schools that are freshly painted?