This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Cult of the Bear, Part 1

Mind you, all four engines are working at peak efficiency, and have been burning high-priced jet fuel prodigiously. The pilot and crew are experienced, and everyone wants the jet to go higher.

Yet it cannot seem to make any upwards progress. Odd, isn't it?

Now consider this: What happens if something goes wrong? What if one of the engines flames out? What if we start running low on fuel? Or if there's a human error? This doesn't mean the plane will plow into the ocean -- but it is likely to lose some altitude.

That's the situation we have found ourselves in. Despite the many positives we have seen in the market, we have been unable to make any progress. And, if any of the positives falter slightly, markets will feel the impact in a big way.

Tomorrow: Long-term cycles, trading ranges, and P/E mean reversion.
Barry Ritholtz is the chief market strategist for Ritholtz Research, an independent institutional research firm, specializing in the analysis of macroeconomic trends and the capital markets. The firm's variant perspectives are applied to the fixed income, equity and commodity markets, both domestically and internationally. Other areas of research coverage also include consumer, real estate, geopolitics, technology and digital media. Ritholtz is also president of Ritholtz Capital Partners (RCP), a New York based hedge fund. RCP is driven by the analysis performed by Ritholtz Research. Ritholtz appreciates your feedback; click here to send him an email.

3 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG
AAPL $108.67 -1.50%
GOOG $597.15 -1.50%
FB $87.22 -1.10%
TSLA $239.80 -2.30%
YHOO $31.94 -1.80%

Markets

Chart of I:DJI
DOW 16,085.17 -289.59 -1.77%
S&P 500 1,919.66 -31.47 -1.61%
NASDAQ 4,679.4150 -54.0820 -1.14%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs