On today’s “Chart Attack,” Fusion IQ CEO and Director of Research Barry Ritholtz discusses the end of the fourteen-year secular bear market. He speaks on Bloomberg Television’s “Street Smarts.”

Source: Bloomberg, Feb. 5 2013

Category: Cycles, Investing, Markets, Video

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4 Responses to “The End Is Nigh… For the Secular Bear Market”

  1. cuprous says:

    Barry you yourself said the market would be 20-30% lower if it weren’t for the Fed being an active participant. Do you think they can indefinitely goose things? Kudos to you for riding this artificial wave up but remember that nature abhors a vacuum which is exactly what’s underneath this fading rally.

    I fail to see how anyone can look at these charts and think they’re in any way predictive. It’s not the same world, the same market – it’s not even the same money! Gone is the gold standard, gone is the rapidly increasing working force, gone are the revolutionary inventions that spawned whole new industries. Now we have debt-laden students, minimum 15% true unemployment, a s—load of baby boomers getting ready to retire, and declining real wages.

    Kyle Bass noted that Zimbabwe had great returns but at the end of it all your portfolio couldn’t buy a half dozen eggs.

    Yes, I’ll say it – I will cheer when the elastic snaps, when Bernanke’s trillions turn out to be ineffective, when this monstrous house of cards gives way.

  2. chartist says:

    So Barry, it terms of time, you’re saying we’re closer to the end….I happen to agree with that. But I also think we could see another shakeout first. The rally from 1982 through 2000 is unlikely to be the model for the next major move as I don’t see another era like the PC and cell phone again in my lifetime.

    ___

    BR: We need out post ’74 rally 20-30% correction. Now tell that to the Fed.

  3. lisarose says:

    No one knows what is going to happen, except, historically, the market goes up and down, up and down. As for now – there is still money out there. Companies are still earning. They also hold huge amounts of money – this pool at the top of the corporations – and this money is a very realistic potential boost for the economy. It’s silly to say there are no new industries, no great changes on the horizon. Alternative fuels, fully mobile internet, 3-D printing, robotic surgery, advances in treatment and drugs… even modular housing – these and many more have the potential to change the way we live, and to generate huge returns for investors. Yes, we have major issues to work out, unemployment except for the rich, political strife…. and of course the blissful Feds keep propping up the market….. but if a correction means that all is lost then perhaps one shouldn’t really be investing….. I think the only way to play it is to keep going as if everything is fine, just with a small enough stake that everything really will be fine no matter what happens. It is possible to be careful and make a profit still.