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Tech Ticker's Best of 2009: Guest of the Year, Barry Ritholtz

Posted Dec 30, 2009 11:00am EST by Aaron Task in Investing, Newsmakers
Related: ^DJI, ^GSPC, SPY, DIA, XHB, QQQQ
On March 10, Barry Ritholtz, CEO of Fusion IQ, came on Tech Ticker and said the "mother of all bear market rallies" was upon us.

Given the appearance was within 24 hours of what proved to be a historical market bottom, that call alone would have put Ritholtz in the running as our top guest of 2009 and winner of the coveted (and fictitious) "Purple Microphone" award. Ritholtz's call was more notable because, until then, he'd been steadfastly bearish on the market, meaning he was one of the few pundits to successfully navigate the downturn of 2008 and play the upside of 2009.

But unlike many other bears who turned bullish last spring, Ritholtz didn't abandon bullishness as the rally continued through the rest of 2009:

While other Tech Ticker guests were bullish on stocks in 2009, many did so because they believed a V-shaped recovery was afoot and that the housing market had bottomed. Ritholtz was able to walk the intellectual tightrope between being bullish on stocks and being skeptical about a robust recovery, especially in housing. As 2009 comes to a close, both calls are looking prescient.

Still, nobody's perfect. In mid-June, Ritholtz dismissed the "second-half recovery" story and said stocks were more apt to retest the March lows in the fall vs. hit new high, although he subsequently reverted back to the bullish (and right) side. 

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  • Richard
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    Richard Mon Aug 23, 2010 09:45 am EDT Report Abuse
    Barry invested in bank stocks which were propped up by the FED and the banks reinvested this money in Asia for a great return. What a genius! Bank stocks drove this market. Throw a little in other sectors which were driven by the stimulus wind. Barry is someone who caught a nice wave with his wind board. Curious I do not see the blonde goy on Tech Ticker as his superior Jewish partner is getting more and more time. He should dye his hair black and fake a Jersey or New Yorker accent.

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