Discussing whether stocks are the best bet or a sucker’s bet, with Barry Ritholtz, Fusion IQ CEO/director, equity research and Jeremy Siegel, Wharton finance professor.
Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data, ability to repeat discredited memes, and lack of respect for scientific knowledge. Also, be sure to create straw men and argue against things I have neither said nor even implied. Any irrelevancies you can mention will also be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.
"Overall household indebtedness is up from $7 trillion to almost $10 trillion since 2000. On this sum, we estimate, the American consumer has an annual interest bill of more than $500 billion; a sum, by the way, that vastly exceeds his current income growth." —Kurt Richebacher
"The Greek offer is not sufficient and they have to go away to come up with a revised plan," said a spokesman for the German Finance Ministry. The Greeks must first have a plan that satisfies the Germans which this comment states they clearly don't yet and then the Greek Parliament will vote on it this weekend. This said, whatever package gets voted on in Greece is basically an up or down vote on euro membership so we are entering another uncertain weekend for global markets. A failed vote will likely lead to a hard default which may be what...
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July 13th, 2009 at 9:21 pm
[...] « CNBC: Blog Blog Blog The Real History of the Markets [...]
July 13th, 2009 at 9:56 pm
“I think Treasury Bonds are the toxic assets of the next decade.”
Wow.
July 13th, 2009 at 10:11 pm
Kudlow obviously has a hearing problem. 50 year bull market, he’s back on drugs!
July 13th, 2009 at 11:57 pm
Kudlow,Kniel, Siegel,………………… disinformation.
July 14th, 2009 at 12:00 am
Barry, congrats on not asking Siegel how that ETF company he endorsed is doing….you could have seriously called him out and made him cry himself to sleep!
July 14th, 2009 at 12:09 am
I’m embarrassed for my country. Such blatant misdirection. I don’t know why you put up with it, Barry. We’ve got your back.
July 14th, 2009 at 12:59 am
Siegel is fighting the wrong battle. Why is it, despite ubiquitous and cheap computation and communications, that transaction costs can kill you? Why is it that it can cost a retail investor $10,$20,$30 PER TRADE? It’s CRAZY. It should cost pennies. Another example of the banksters distorting markets by using their power and privilege to jack-up transaction costs.
July 14th, 2009 at 1:29 am
Funniest line:
Rithotz: “Can I tell you something?”
Kudlow: (ignores, blathers on)
July 14th, 2009 at 3:09 am
Barry,
How are you invested?
Kevin
July 14th, 2009 at 9:10 am
At the very least if you got people to think about bear bull cycles and stop losses and retirement you did a good job. Good info Barry, keep it coming.
July 14th, 2009 at 9:25 am
Siegel is officially a quack who must be ignored. He claims that starting at low interest rates and reasonable valuations, you have a winning market.
With rates low, that is the worst time to own stocks, as rates will likely be rising…ESPECIALLY IF YOU STATE ONE MINUTE EARLIER THAT TREASURIES ARE TOXIC ASSETS.
And a P/E of 130, going to 1800, is not exactly reasonable…in fact, I call it INSANE.
July 15th, 2009 at 7:03 am
[...] Larry Kudlow hosted a debate between Prof Jeremy Siegel and Barry Ritholtz about Buy and Hold. (TBP) [...]
July 15th, 2009 at 11:15 pm
Good to see you fighting the good fight!
I have some sympathy for the view that stocks are a better investment at the moment, but Barry I think you could have nailed him more on the point that if you bought stocks 18 months ago or even 8 years ago prior to the tech wreck that you would have done disastrously.
The important lesson is that no asset is a good investment if bought at the wrong price, so to tell people to always buy stocks (at any price seems to be his thesis) is a recipe for disaster.