Friday, October 10, 2008 at 1:20 pm
Barry Ritholtz is turning bullish
Barry Ritholtz, one of those guys who's been right a lot over the past couple years about the market, is sniffing a market bottom. He's just put up a post listing 10 "charts, signals, indicators" that, as he puts it, "suggest to us that we are increasingly close to a bottom that can be purchased for an upside trade of 20-30% from these levels."
I've never been much of a technical-indicator believer myself, but when it's Barry saying it, I listen--partly because he tempers his technical stuff with a lot of fundamental research and actual, you know, thinking. Also, one indicator of his I definitely believe in, the magazine cover indicator, is flashing "buy."
Update: Barbara points out that a lot of people are calling a bottom--on CNBC, in phone conversations she's having, etc. Which I guess means it can't really be a bottom, right?
1 Comment to “Barry Ritholtz is turning bullish”
Leave a Reply
You must be logged in to post a comment.
About Curious Capitalist
RSS Feed
 |
Daily Email
Recent Posts
The Curious Capitalist - TIME.com Archives
Blogroll
- Adam Lashinsky
- Amit Varma
- Barry Ritholtz
- Brad DeLong
- Calculated Risk
- Econbrowser
- Econlog
- Ezra Klein
- Felix Salmon
- Floyd Norris
- Going Private
- Greg Mankiw
- Herb Greenberg
- James Pethokoukis
- John Gapper
- Marginal Revolution
- Mark Thoma
- Matt McAlister
- Megan McArdle
- Michael Mandel
- Mike Moffatt
- Nicholas Carr
- Paul Kedrosky
- Roger Parloff
More TIME Blogs
Top Stories
- Daschle Could Be a Boost to Obama's Health Care Agenda
- Taking the Bush Anti-Terror Legacy to Court
- Ford Might Be the Winner if the Auto Bailout Fails
- Mitt Romney for Auto Industry Czar!
- The Death of Tel Aviv's Old-Fashioned Mob Kingpin
- As Somali Pirates Get Bolder, Policing Them Gets Tougher
- Plastic Surgery Below the Belt
- Financial Woes Force Boomers to Work Longer. That's Good
- Why the Democrats - and Obama - Forgave Lieberman
- Despite the Economy, Obama Vows to Press Green Agenda
Top Photoessays and Slideshows
- Photos: The Brazen Pirates of Somalia
- The Politics of Water in Central Asia
- Pictures of the Week
- Mass Suicide at Jonestown: 30 Years Later
- Fade to Black
- Bao Xishun, the World's Tallest Man
- Planet Earth: An Illustrated History
- Prince Charles Turns 60
- Barack Obama: The Best TIME Photographs
- Somalia's Face of Modern Piracy
Saturday, October 11, 2008 at 12:15 am
SUBTERRANEAN DOW JONES BLUES
(to Subterranean Homesick Blues, Bob Dylan)
WilliamBanzai7
Johnny's in the basement
Trading on the internet
Out on the pavement
Thinking about the government
The banker in the trench coat
Kicked out, laid off
Says he's got a bad cough
And wants his mortgage paid off
Look out kid
It's that bad trade you did
God knows when
But you're doin' it again
You better duck down the alley way
Lookin' for a new scam
The man in the red cap
With the the big bailout pen
100 Billion dollar bills
You gotta find some new thrills
Mack's got a big position to foot
Morgan's full of CDS soot
Talkin' that Lehman put
All of us on same bus but
The markets tanked anyway
Mack says that many say
We can go bust anyday
Orders in from Ebay
Look out kid
Don't matter what you did
Walk on your winged tip toes
Don't try "No Doz"
Better stay away from those
Carry round a financial fire hose
Hard to keep a clean nose
Watch the men in plain clothes
You don't need a weather map
To know which way your stock goes
Get sick, get well
Hang around a red ink well
Closing bell, hard to tell
If anything their goin' to sell
Try hard, get tarred
Get back, go to jail
Get enjoined, jump bail
Join a hedge fund, if you fail
Look out kid
You're gonna get hit
But losers, cheaters
Crooked subprime CDO dealers
Hang around with 500 dollar Chelsea strippers
Sitting in the toxic asset whirlpool
Lookin' for a new fool
Don't follow market leaders
Watch the Federal debt meter
Ah get burned, keep warm
Shorts dance, lose your pants
Get dressed, sell distressed
Try to be a new success
Please buy, don't sell
Its a steal, need a lift
Twenty years of Wall Street hell
And they put you on the day shift
Look out kid
Try to keep it all hid
Better jump through a loophole
Light yourself a roman candle
Don't get caught wearing greek sandals
Try to avoid the market scandals
Don't wanna be a Wall Street bum
You better chew some new gum
The Fed pump don't work
Cause the vandals stole the handles