Ritholtz Wealth Management CIO Barry Ritholtz and Greylock Capital Management Chairman and CEO Hans Humes discuss stocks dropping, the situation in Argentina and selloff in emerging market currencies. They speak with Trish Regan and Mark Crumpton on Bloomberg Television’s “Street Smart.”

Market Correction or Are We Just Taking a Breather?

Bloomberg, January 24 2014

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Bloomberg View Columnist Barry Ritholtz discusses banking and financial services for legalized marijuana on Bloomberg Television’s “Street Smart.”

Opening Banking Services to the Pot Industry

Bloomberg, January 24 2014

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Bloomberg View Columnist Barry Ritholtz discusses the relevancy of this weeks World Economic Forum Davos, Switzerland on Bloomberg Television’s “Street Smart.”

Is Davos Still Relevant?

Bloomberg, January 24 2014

Category: Markets, Media, Video

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4 Responses to “Bloomberg TV: Market Correction, Marijuana, Davos”

  1. RW says:

    Have no idea if this will accelerate into something like a real correction; i.e., more than a few days and a few percent. Might be a change in sentiment given the number of folks who don’t seem to realize how weak the taper tea is or are at least unclear why it actually isn’t withdrawing liquidity.

    Who knows.

    What I do know is that a number of assets I track including emerging markets and commodities are becoming rather seriously oversold.

  2. intlacct says:

    I love corrections! A chance to go shopping!

  3. Willy2 says:

    - Argentina never got its act together after 1990/1991. It exports predominantly agricultural commodities (priced in USD). From 1990 up to 1995, it benefited from a falling USD/DEM as this made argentine exports to Europe more profitable.
    - Argentina massively suffered when from 1995 up to 2001, the USD went UP against the DEM. (Default in 2001, remember ?)
    - Argentine again benefitted from exports to Europe when from 2001 up to 2008 the USD/EUR went down. A rising USD/ARS at this stage doesn’t bode well for the argentine people because it means that they will have to pay those higher (agricultural) commodity prices as well.
    - Will the US allow those cheaper argentine exports to enter the country ? Becuse it would hurt US farmers and those farmers have a very significant influence in Washington DC. Import tariffs, any one ??
    - The turmoil in the EMs is the preverbial “Canary in the coal mine”.

  4. Willy2 says:

    Will a falling currency help exports ?
    - Yes, exports will be more competitvely priced. And that at the same time squeezes profit margins of e.g. US domestic producers.
    - The question becomes: Is there enough demand in e.g. the US & Europe for those (cheaper) imports ?
    - Will e.g. US allow those (cheaper) exports to enter the country ?