3 ms·
that article is a scam. To illustrate it, I've redrawn the green and red bars differently to show that, lo and behold, there are another 15 years of bull marke
by drcode 18y ago
that article is a scam.
To illustrate it, I've redrawn the green and red bars differently to show that, lo and behold, there are another 15 years of bull market in our future.
http://tinypic.com/view.php?pic=5uo9q8&s=4 http://tinypic.com/view.php?pic=5uo9q8&s=4
This type of graph manipulation is a well known trick. No reputable journalist or economist would do something like this.
- steveplace 18y agoBarry is operating under the assumption that we are entering a cyclical bear market, which began around the time that he started shading the graph red. He also says that it's possible that the current bear market could be over soon, but it would be historically unprecedented. Personally, I take a lot of stock in what he has to say. He's a great economist and commentator on the markets.
- davidmathers 18y agoHuh? I have no idea what your point is, but Barry Ritholtz is definitely a reputable economist.
- mynameishere 18y agoSpluh? What kind of reputable economist pulls a howler like this: What will be the catalyst to get them back into equities? My best guess is a sustained move upwards. ...umm, yeah. And what causes a sustained (or any) move upwards? ....people "getting back into equities".
- byrneseyeview 18y agoIs he? From his biography (http://bigpicture.typepad.com/cv/2006/02/curriculum_vita.html http://bigpicture.typepad.com/cv/2006/02/curriculum_vita.htm...) it looks like he's mostly a manager. He might be really good at economics, but I've read his site before, and I haven't seen a single insight there that could be published in a reputable economics journal.