Barry Ritholtz Market Quotations

I credit Google for having the foresight to identify threats to its main business of selling advertising against search results. The potential loss of market share in the mobile space led them to the Android acquisition.

Whenever you try to pick market tops and bottoms, you are making a prediction. Guessing what stock is going to outperform the market is forecasting, as is selling a stock for no apparent reason. Indeed, nearly all capital decisions made by most people are unconscious predictions.

People forget that although we can pinpoint the price, we can only guess at future earnings. The past isn't much help: It simply tells whether a market was pricey or cheap.

Secular cycles are the long periods - as long as decades - that come to define each market era. These cycles alternate between long-term bull and bear markets.

If the Fed stops raising rates, the market will blame them if inflation gets too hot, and if they keep cranking up interest rates, then the real estate market is at risk. It's a somewhat challenging environment.

We were in this post-election trading range from November to April, and that broke down, ... The bull market has at least one more major run in it, but I think it's probably going to be sometime over the summer, when stocks get appreciably cheaper.

When Greenspan spoke the market rallied, and when he stopped it gave the gains back.

The bond market is far less sanguine about the economy than the Fed is. They are essentially saying we don't see that much strength.

I'm looking for really good earnings, and I don't know that it's going to juice the market all that much. In order to go significantly higher, what's the catalyst?

The market never met a tax cut it didn't like and it would not be happy with a complete roll back, ... but if the economic recovery seems to be full-throated, the market might be willing to accept the rolling back of select tax cuts as a means of reducing the deficit, making John Edwards and John Kerry more appealing.