Barry Ritholtz on Why the President Has Minimal Impact on the Stock Market

The president has a minimal impact on the stock market. That's the assessment from Barry Ritholtz, founder and chief investment officer at Ritholtz Wealth Management. "A president's impact is when they screw up," Ritholtz said at TheStreet's live panel "How Investors Can Win," held at the Harvard Club in New York on Tuesday. Examples of presidential mishaps that have impacted markets include long and expensive wars such as Vietnam or times when government spending ballooned out of control, according to Ritholtz. TheStreet's Scott Gamm reports from New York.