Ritholtz Talks Economy, Market

Barry Ritholtz of FusionIQ and The Big Picture blog remains bullish on stocks for the short-term, and says the economy is behaving just as one would expect following a credit crisis — that is, with slow growth and soft job creation. Ritholtz tells Bloomberg that it doesn’t matter whether the government raises taxes, lowers taxes, or attacks the deficit — economic forces dictate that this is the type of recovery we’ll see. Ritholtz says he’s 86% long right now. He also discusses why the Dow Transports are a big bullish sign for the economy, how the economy’s strength and the stock market’s attractiveness are very different things, and how he tries to avoid “confirmation bias” in his decisions.