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.
While yesterday's US stock market close was poor, Asia and Europe didn't follow today as debt in Greece, Spain, Portugal, etc... rallied, their CDS narrowed and stocks bounced. The Greek finance minister said January tax revenues came in above expectations and that spending was below target for the month and said "that means the deficit reduction for January is well within what we have promised." The euro is rising in turn. Also helping is the story that Trichet is headed to the European Union leaders summit a day early in order to address Greece's problems even as the Greek finance...
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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.