Source: Bloomberg, Aug. 1 2014

Strategas Research Partners Managing Director Christopher Verrone and Former Council of Economic Advisers Chairman Alan Krueger discuss the markets on “Bloomberg Surveillance.”

Category: Trading, Video

Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.

2 Responses to “Have We Reached the End of the Bull Market?”

  1. wisegrowth says:

    Hi Barry, I comment here once in a while about effective demand, which is the missing link in macroeconomics. Hardly any economists understand effective demand. But we are seeing something in the news today. Here are 2 examples…
    https://www.globalcreditportal.com/ratingsdirect/renderArticle.do?articleId=1351366&SctArtId=255732&from=CM&nsl_code=LIME&sourceObjectId=8741033&sourceRevId=1&fee_ind=N&exp_date=20240804-19:41:13
    http://abcnews.go.com/US/wireStory/sp-wealth-gap-slowing-us-economic-growth-24842068

    Effective demand is low now due to much lower labor share. The key result is that the economy will under-perform projections because economists have not re-calibrated economic potential with a lower effective demand.
    So yes,,, the bull market is over because we are now reaching the effective demand limit. My work on effective demand shows that once real GDP tops $16.1 trillion (2009 $$), the economy has hit its top limit. Real GDP might be hitting that level as we speak or a few months away.
    http://effectivedemand.typepad.com/ed/2014/07/update-on-real-gdp-and-the-output-gap.html

  2. [...] Barry Ritholtz asks today if the bull market is over. My reply is YES… Real GDP is finally reaching its effective demand limit by the end of the year, around $16.1 trillion (2009 $$). Now the market is topping out. And if you watch the video at Barry’s post, Christopher Verrone says something very important about the lack of euphoria in the market. Investors around the world have one foot out the door. People see the market topping out… something I have been seeing since early last year. [...]