Barry Ritholtz Quotes (26 Quotes)

I don't think this has much of an impact on the U.S. markets, barring some bit of tomfoolery in the Middle East.

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.

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.

The Fed doesn't have to jack up rates really quickly since other economic indicators are softening. Capital expenditures are modest and employment figures are anemic, so the biggest danger the Fed faces is smothering the recovery.

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

Regardless of whether this upcoming release shows inflation today, given the supply shock to oil, we're expected to see inflation move higher in the next few months. It would certainly put a fork in the concept that the Fed has the opportunity to pause.

There is a lot of economic news to digest between now and the next meeting. If we see economic signs that are positive, then that would encourage the Fed to stay on the course of gradual rate hikes, but if things slow down then maybe they would skip a meeting or two.

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

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.

There's still upside in tech but it's going to be more grudging and grinding and choppy, it's not going to be this moon shot that we saw a year ago.

We see inflation rearing its head across the board. Contrary to what a lot of people have been saying, it's not just energy.

It was a matter of time before the core rate started feeling the effects of increased energy and commodity prices, ... Maybe it's aberrational but maybe it's the start of something more significant.

When you stop and think about it, if the Fed were to pause, what does it actually do for anybody ... in the afflicted Gulf region At this point they're more concerned with basic food and shelter and not really comparison-shopping for mortgages.

The only dark cloud to this number is that now the Fed has no reason whatsoever to stop raising rates.

This is one reason why recent labor numbers were lackluster, ... Accelerated deprecation put a thumb on the side of the scale in favor of increased capital expenditures instead of hiring.

We've got a nice snapback today. We got shellacked over the last few days, so it's not surprising to see a little bounce back.

We need to see a confirmation in the next few weeks. We need another session of gains of 1 to 2 percent for all the major indexes before I'll be confident that this is a bottom.

The concern is that if a lot of the gains are in energy, that's good news for energy, but not necessarily good news for the economy.

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,

At the beginning of the war, every headline caused the market to go screaming. Now, the market seems to have become inured to violence.

The low-hanging fruit has been picked on a lot of the small caps already, and when the low-hanging fruit has been picked, you have to be more defensive.

Markets don't make a top and then slide, topping is a process. Typically markets make an initial top, back off, try to surpass it, and can't do it.

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.

We very much benefited this year from the still-low interest rates, with the Home Depot's and Lowe's of the world doing well, ... The whole universe of homebuilders and mortgagers did really well, too, but as interest rates continue to rise next year, that's going to dry up some.

The budget deficit is going to have to go up over the next three to seven years.

Four years after the bubble popped, I can't believe that companies still legitimately have enough fat that they can cut heads and that it would not affect them going forward,