At the beginning of the war, every headline caused the market to go screaming. Now, the market seems to have become inured to violence.
More Quotes from Barry Ritholtz:
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 catalystBarry Ritholtz
There was a lot of trepidation on Monday after Friday's sell-off and when things didn't go from bad to worse, it has emboldened dip buyers to step in. But most of the investment community hasn't realized that the economy is slowing and that earnings are reflecting that and valuations are going to have to be adjusted.
Barry Ritholtz
If you look at which sectors have done particularly well this year, including home builders, mining, energy, other commodities, they have done well because of unusual factors, ... such as the still historically low interest rates, which are already rising, or demand from China for commodities.
Barry Ritholtz
I don't think this has much of an impact on the U.S. markets, barring some bit of tomfoolery in the Middle East.
Barry Ritholtz
The big issue is decelerating earnings growth. Earnings will still be higher but the ideal time to buy stocks is when earnings go from awful to not so bad as opposed to going from great to good,
Barry Ritholtz
Markets tend to temporarily wobble, and then return to their prior behavior. So don't panic or make any decisions based on your knee-jerk emotions.
Barry Ritholtz
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