Barry Ritholtz Makes Some Interesting Points About the Current Situation

By on March 11, 2009

Barry Ritholtz, money manager, pundit and blogger (The Big Picture), was interviewed before today’s massive 379 point gain in the Dow. He believed a bear market rally was inevitable. He also made an interesting observation that the banking and housing sectors have had 80% declines similar to the declines from the Nikkei and NASDAQ bubbles of recent past.

Ritholtz noted some comments posted by Yahoo readers regarding the interview were “unbelievably ignorant.”

Sources:

http://finance.yahoo.com/tech-ticker/article/204750/%22Big-Bear-Market-Rally-Coming%22-Says-Noted-Bear-Barry-Ritholtz

http://www.ritholtz.com/blog/2009/03/bear-market-rally-3/
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