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Source: Yahoo Finance

 

Aaron Task:

“This bull run will eventually end…[and] the best way to handle that trade is to wait for the market to tell you the run is over,” says Ritholtz. But it hasn’t said that yet, and is behaving instead as would be expected after a big bull run.

“When you have a market up as torridly as this one has been since QE4 was announced you to have to think there will be a little bit of a slowdown. You can’t grow 13% a quarter for very long,” says Ritholtz.

Ritholtz, who is also the creator of The Big Picture blog, studies the internal dynamics of the market for signs of where it’s heading, but those indicators are mixed.

More here  . . .

Category: Markets, Media, Video

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7 Responses to “Ritholtz: Market Bull Run is Not Over (Yet)”

  1. Jan Perlwitz says:

    I have a question for Barry Ritholtz.

    You are quoted in the interview as saying following:

    “Cash balances in individual investment accounts at 18-month highs,” suggesting investors have lots of money to pour into stocks when the time is right—a bullish signal.

    This statement implies that cash balances of individual investors tend to go down during a bull market run on average, until it reaches some minimum at the peak of the bull market. Thus, if the cash balances of individual investors go down, whose cash balances go up at the same time on average? There are always two sides in a trade, the seller and the buyer. The money does not vanish. And it is not “poured” into stocks like stocks were a container where it was stored. If the cash balances of the individual investors reach some minimum at the peak of the bull market on average, some else’s cash balance must reach a maximum at the peak of the bull market on average. Who are the ones on the other side of the trade who are not individual investors and who have maximum cash at the peak of the bull market?

    Thanks.

  2. icm63 says:

    IRS tax receipts YOY% change are flat to falling (trimtabs blog)…recession is coming.

    Also I will sell you my lunch for a once of gold anytime. Gold has been a currency longer the US dollar. In fact 1000;s of years.Of course it goes up and down. Cyprus folks dont agree with you.

  3. chartist says:

    I too believe this bull has legs. Market tops don’t let investors out easily like this one has. We seem to be building a short term head and shoulders top on the S&P. Target is 1500. I think it will be mid May before the market stabilizes….I have an SPX target of 2070 in 18 months followed by a 50% decline. A favorite stock is Ford Motor. The monthly chart shows a H/S bottom pattern with a target of $30 in 18 months.

  4. DiggidyDan says:

    Barry, I agreed with you the other day that I thought there was a bit left on the rally. . . but not much. Originally, after QE∞, I figured it was risk on and a grind up until inflation approached 3% or UE approached 6%, but now I’m not so sure we will get there. I keep looking at the base commodities and transports divergence and getting that not so warm and fuzzy feeling. Looks like emerging slowdown and deflation on the horizon, truthfully. How does the Fed react to that now?