Barron’s picks up “Short-Term Pop?”



Last Week’s RR&A Market Letter was picked up over the weekend by the print edition of Barron’s; Here’s what they ran in the MARKET WATCH section:

Short-Term Pop
RR&A Market Letter
Ritholtz Research &

230 Park Ave., New York, N.Y. 10169

Aug. 16: The past quarter’s data show raw materials rose at an annualized rate of 43%. You read that correctly.

So where does that leave us today?

The consumer-price index today showed more inflation than yesterday’s producer-price-index headline; but the core (inflation ex-inflation) was a little light. We prefer to rely on the trend, rather than the outliers, and this number broke the trend of four-straight higher CPI numbers. Since the market chose to ignore the actual basis for the dis-inflation yesterday, today’s action may very well be a tell: If the markets rally them anyway, look for owners’ equivalent rent to become the excuse. [The Dow rose 96.86 points Wednesday.]

The reality is that it is an options-expiration week, and traders seem to have higher prices on the collective hive mind….There’s too much pent-up energy, index shorts are too crowded, and we suspect there are too many funds that are underinvested. Thus, we have the makings of a short-term pop, which could last from four days to four weeks. These are the times where data [are] irrelevant-to paraphrase Thin Lizzy, "When the boys want to play, you better let them."

— Barry Ritholtz

Short-Term Pop
MARKET WATCH, A Sampling of Advisory Opinion   

Barron’s MONDAY, AUGUST 21, 2006 

Print Friendly, PDF & Email

What's been said:

Discussions found on the web:
  1. yc32 commented on Aug 21

    Somebody on Kudlow & Co. mentioned that US had one recession every decade or so. After googled the US GDP rate on internet, I found that was almost true.

    Barry, do you have any perspective, or data on this? It seems that a slower economy with temporary bear market is more likely than a recession, given we just had one in 2000.

  2. Barry Ritholtz commented on Aug 21

    From 1921-2006, there were 16 recessions:


  3. mh497 commented on Aug 21

    In terms of a recession every 10 years, notice the situation in the 1970-81 time period, where we had 4 in an 11 year period.

    What was going on during that time period?

    Oil shock, war, inflation, rinse, repeat.

    Sound familiar?

  4. Bill L commented on Aug 21

    If we compute GDP and CPI using pre Clinton computations I would argue a consumer led recession is hear and now. Nix exotic financing and your default/foreclosure statistics go parabolic-end of the illusion?

  5. yc32 commented on Aug 21

    Thank you all for the comments! I sure hope we don’t go to a recession.

  6. Mark commented on Aug 22

    Good lord Barry! How did THAT get in?

  7. Leisa commented on Aug 22

    I thought that all of the links were to illustrate a point…the reliance of easy credit and maxing out one’s borrowing ability. Instead, it’s Credit Resources Attacks! Take cover.

  8. Free Sprint rintone commented on Oct 4

    motorola ringtone|free motorola ringtone|download free motorola ringtone|download ringtone motorola|free ringtone for motorola phone|free motorola mp3 ringtone|free motorola tracfone ringtone|motorola razr ringtone|motorola q ringtone|c139 motorola ringtone|free ringtone for motorola v3 razr|free ringtone for motorola v60i|e815 motorola ringtone|motorola mp3 ringtone|motorola t720 polyphonic ringtone|l6 motorola ringtone|motorola polyphonic ringtone|e motorola ringtone|ringtone for motorola phone|motorola tracfone ringtone|download motorola ringtone t720|c139 free motorola ringtone|motorola ringtone composer| free ringtone for motorola cell phone|free motorola razr ringtone|motorola v60i ringtone|motorola ringtone v170|motorola v60 ringtone|ringtone for motorola cell phone|nextel motorola i730 free ringtone|free motorola real ringtone|motorola v3 ringtone|motorola razr v3 ringtone|free motorola v3 ringtone|free ringtone for motorola v170|motorola ringtone software|motorola c115 ringtone|motorola ringtone converter|ringtone gratis motorola c115|motorola t720 ringtone|free motorola v220 ringtone|motorola v265 ringtone|motorola ringtone tracfone v170|free motorola polyphonic ringtone|free ringtone for motorola razor|free motorola composer ringtone|free motorola i730 ringtone|motorola v220 ringtone|motorola keypress ringtone|motorola v262 ringtone|free motorola ringtone tracfone v170|free ringtone for motorola v265|ringtone motorola v171|free motorola v60i tracfone ringtone|free motorola v60 ringtone|motorola razor ringtone|motorola ringtone v276|free motorola v180 ringtone|motorola ringtone v266|free motorola keypress ringtone|free verizon motorola v265 ringtone|motorola v551 ringtone|free ringtone motorola v262|motorola i730 nextel ringtone|free ringtone for motorola cellular phone|motorola i730 ringtone|tracfone motorola v60i ringtone|free alltel motorola ringtone|motorola ringtone maker virgin mobile ringtone=free ringtone for virgin mobile phone=download free ringtone virgin mobile=100 free virgin mobile ringtone=free virgin ringtone=100 free virgin ringtone=free prepaid virgin mobile ringtone=free get mobile ringtone virgin=download free motorola ringtone virgin=free kyocera virgin mobile ringtone=free virgin mobil ringtone=free ringtone from virgin mobile=free polyphonic ringtone for virgin mobile=free mobile ringtone trl virgin=free ringtone and wallpaper for virgin mobile=free virgin mobile usa ringtone=downloadable free mobile ringtone virgin=free mobile ringtone snapper virgin=free mobile oyster ringtone virgin=t mobile ringtone=free t mobile ringtone=download free ringtone t mobile=free ringtone for t mobile phone=download ringtone for tmobile=free ringtone for t mobile sidekick=mobile mobile nextel phone ringtone t=t mobile music ringtone=mda ringtone t mobile=t mobile real ringtone=phone ringtone tmobile=tmobile hifi ringtone=t mobile sidekick ringtone=t mobile sidekick 2 ringtone=ringtone for tmobile cell phone=caller digi mobile ringtone t=free prepaid ringtone for t mobile=nextel ringtone=free nextel ringtone=free real music ringtone for nextel=free nextel ringtone i730=download free nextel ringtone=nextel ringtone software=download nextel ringtone=nextel ringtone cd=nextel real music ringtone=maker nextel ringtone software=download nextel ringtone software=ringtone for nextel phone=nextel i730 ringtone=free music ringtone for nextel=nextel ringtone program=free ringtone for nextel boost=free ringtone for nextel phone=verizon ringtone=free verizon ringtone=verizon wireless ringtone=download free verizon ringtone=free verizon wireless ringtone=free verizon cell phone ringtone=free ringtone for verizon phone=download verizon ringtone=free lg ringtone verizon wireless=free real ringtone for verizon=free verizon lg ringtone=free ringtone for verizon wireless phone=download free ringtone for verizon wireless=verizon lg ringtone=free ringtone for verizon wireless cell phone=ringtone for verizon phone=verizon lg vx6000 free ringtone=free ringtone for lg verizon wireless phone=free verizon real music ringtone=verizon cell phone ringtone=free verizon lg 3200 ringtone=free ringtone verizon lg vx3200=free ringtone for lg verizon phone=free lg ringtone verizon vx3200 wireless=verizon wireless lg ringtone=vx3200 lg verizon wireless ringtone=motorola ringtone=free motorola tracfone ringtone=free motorola mp3 ringtone=download free motorola ringtone=free ringtone for motorola phone=c139 motorola ringtone=motorola razr ringtone=motorola q ringtone=c139 free motorola ringtone=free ringtone for motorola cell phone=ringtone for motorola cell phone=download ringtone motorola=free ringtone for motorola v60i=free motorola razr ringtone=motorola ringtone composer=motorola tracfone ringtone=motorola v60i ringtone=free motorola ringtone=free motorola tracfone ringtone=free motorola mp3 ringtone=download free motorola ringtone=free ringtone for motorola phone=c139 free motorola ringtone=free ringtone for motorola cell phone=free ringtone for motorola v60i=free motorola razr ringtone=free motorola polyphonic ringtone=nextel motorola i730 free ringtone=free ringtone for motorola v265=free motorola real ringtone=free motorola v60 ringtone=free motorola i730 ringtone=free ringtone for motorola v3 razr=motorola ringtone=free motorola tracfone ringtone=free motorola mp3 ringtone=download free motorola ringtone=free ringtone for motorola phone=c139 motorola ringtone=motorola razr ringtone=motorola q ringtone=c139 free motorola ringtone=free ringtone for motorola cell phone=ringtone for motorola cell phone=download ringtone motorola=free ringtone for motorola v60i=free motorola razr ringtone=motorola ringtone composer=motorola tracfone ringtone=motorola v60i ringtone=monophonic ringtone=free monophonic ringtone=e715 free monophonic ringtone samsung=monophonic cell phone ringtone=monophonic ringtone for mobile phone=monophonic phone ringtone wireless=nokia monophonic ringtone=motorola monophonic ringtone=free monophonic ringtone motorola=free motorola v60i monophonic ringtone=monophonic ringtone for motorola v60i=free monophonic ringtone nokia=polyphonic ringtone=free polyphonic ringtone=free polyphonic ringtone download=download polyphonic ringtone=free nokia polyphonic ringtone=nokia polyphonic ringtone=free motorola polyphonic ringtone=mobile phone polyphonic ringtone=samsung polyphonic ringtone=brother mario polyphonic ringtone theme=motorola polyphonic ringtone=free polyphonic ringtone samsung=free downloadable polyphonic ringtone=free polyphonic sprint ringtone=cheap polyphonic ringtone=cell phone polyphonic ringtone=download free nokia polyphonic ringtone=tamil polyphonic ringtone=free lg polyphonic ringtone=mobile polyphonic ringtone=free mobile polyphonic ringtone=free polyphonic cingular ringtone=hindi polyphonic ringtone=free polyphonic ringtone for nokia 3595=free polyphonic ringtone usa=category polyphonic ringtone=free motorola t720 polyphonic ringtone=bollywood polyphonic ringtone=mobile phone polyphonic ringtone download=cingular polyphonic ringtone=free polyphonic ringtone for lg vx6000=free motorola v60i polyphonic ringtone=nokia ringtone=free nokia ringtone=nokia ringtone=free nokia tracfone ringtone=nokia 3390 ringtone=download free ringtone nokia=nokia composer ringtone=free nokia polyphonic ringtone=free nokia ringtone and logo=nokia 1100 ringtone=free nokia ringtone composer=free nokia mp3 ringtone=download nokia ringtone=metro nokia pcs ringtone=free ringtone for nokia phone=free nokia 1100 ringtone=free ringtone for a nokia cell phone=nokia polyphonic ringtone=cingular=cingular wireless=cingular phone=cingular cell phone=cingular ringtone=cingular store=cingular wireless customer service=cingular go phone=8125 cingular=free cingular ringtone=cingular wireless phone=cingular cingular cell phone ringtone=cingular account=cingular ring tone=new cingular phone=2125 cingular=cingular wireless home page=8125 cingular pc pocket=cingular wireless customer service number=free cingular phone=cingular wireless account=cingular text message=cingular cellular phone=cingular com=cingular .com=cingular pay as you go=cingular prepaid=new cingular cell phone=ringtone for cingular com=cingular blackberry=free cingular cell phone=cingular com mobile phone=cingular one=my cingular monthly bill=free cingular ring tone=cingular text=2006 cingular new phone=free sprint ringtone=sprint ringtone=free real music ringtone sprint=free ringtone for sprint phone=free sprint pcs ringtone=sprint pcs ringtone=download free sprint ringtone=free sprint sanyo ringtone=free sprint cell phone ringtone=sprint download ringtone=ringtone for sprint phone=free sprint real ringtone=free sprint sanyo 8100 ringtone=free ringtone for sprint sanyo phone=sprint cell phone ringtone=download free ringtone for sprint phone=free real ringtone for sprint phone=sprint sanyo ringtone=free sprint pcs sanyo ringtone=free polyphonic sprint ringtone=sprint nextel ringtone=download free sprint pcs ringtone=free ringtone for samsung sprint phone=free sprint samsung ringtone=sprint sanyo 8100 ringtone=absolutely free sprint ringtone=free ringtone for sprint cellular phone=100 free sprint ringtone=3g4 free ringtone sprint=free sprint lg ringtone=free music pcs ringtone sprint=sprint pcs ringtone download=sprint downloadable ringtone=free ringtone for sprint pcs phone=free ringtone for lg sprint phone=sprint pcs ringtone for sanyo

  9. bad debt commented on Oct 18

    bad credit debt consolidationbad credit debt consolidation loanbad debtbad debt credit cardbad debt consolidationbad consolidation credit debt loan unsecuredbad debt loandebt consolidation loan for people with bad creditbad credit debt consolidation mortgagedebt consolidation and personal loan for bad creditbad debt consolidation loanbad debt collectionbad consolidation credit debt home loan non ownerbad credit debt loanbad credit debtbad debt unsecured personal loanbad debt personal loanbad debt expensebad credit debt consolidation loan advisebad credit debt consolidation loan ukbad consolidation credit debt equity home loanbad debt recoverybad debt helpis debt negotiation badbad debt managementbad credit debt helpbad debt accountingbad credit debt loan personalbad consolidation credit debt helpbad debt collection agencydebt consolidation loan bad credit okbad consolidation credit debt loan mortgage refinancecredit card bad debt ukdebt consolidation for people with bad creditdebt consolidation loan very bad creditbad debt provisionbad consolidation credit debt loan usbad credit debt consolidation loan quotebad consolidation credit debt debt managementbad card company credit debtcollecting bad debtfree bad credit debt consolidationbad consolidation credit debt loadbad consolidation debt remortgagebad debt write offbad debt adviceallowance for bad debtbad debt settlementbad debt protectiondebt problem bad creditbad credit nebraska debt consolidation loanbad debt unsecured loanbad debt collection solutionbad card credit debt peoplebad consolidation credit debt debt loan managementgeorgia debt consolidation loan bad creditbad consolidate credit debtbad consolidation credit debt home refinancebad debt loan securedbad canada consolidation credit debtbad consolidation credit credit debt loan repairbad consolidation credit debt quotebad california consolidation credit debt home loan refinancebad consolidation credit debt financebad consolidation credit debt loan personal unsecuredmedicare bad debtbad debt mortgagearizona bad collection debt lawyerbad debt collectorbad credit debt consolidation ratebad debt loan studentbad canadian consolidation credit debt loandebt consolidation loan for bad credit an no home ownershipbad debt reservebad car consolidation credit debt lonascollect bad debtbad debt remortgagebusiness bad debtbad card collection credit debtbad debt buyerarizona attorney bad collection debtbad consolidate credit debt loan personalbad consolidation credit debt fast loanbad consolidation consolidation credit debt debtbad consolidation credit debt floridabad credit unsecured signature loan for debt consolidationbad card consolidation credit debt equity home loandebt consolidation loan with bad credit australiabad consolidation credit debt interest loan low ratebad consolidation credit debt grantbad consolidation credit debt loan obtaining smallbad consolidation credit debt home laons mortgage refinancebad debt consolidation re mortgagebad consolidation credit debt florida in loan mortgagebad buy debtbuying bad debtcredit cardlow apr credit cardcredit card offerapply for a credit card travel reward credit card0 apr credit cardchase credit cardbusiness credit cardonline credit card approvalcredit card applicationbad credit credit cardcredit card consolidationeliminate credit card debtcredit card debtcredit card processingstudent credit cardsecured credit cardlow interest credit cardapply online for credit cardthe best credit cardcredit card debt consolidationlow rate credit cardonline credit cardprepaid credit cardcredit card rewardcitibank credit cardcredit card dealinstant approval credit card0 credit cardcredit card balance transferaccept credit cardfree credit cardcredit card companycredit card for people with bad creditgas credit cardsmall business credit cardunsecured credit cardconsolidate credit card debtcredit card machinebad credit cardbank of america credit card0 interest credit cardshell credit cardaspire credit cardcash back credit cardmbna credit cardonline credit card applicationprovidian credit cardcredit card merchant accountunsecured credit card for bad creditamerican express credit cardcredit card numbersorchard bank credit cardcredit card servicesciti credit cardlow interest rate credit cardcollege student credit cardcredit card onlinehousehold bank credit cardcredit card fraudchase credit card onlinechase credit card servicesno credit credit cardconsolidate credit cardcompare credit cardcitibank credit card onlinecredit card comparisoncredit card terminalcredit card for poor creditcredit card merchant servicesbest credit card rate0 balance transfer credit carddisney credit cardcredit card debt consolidation loanunion plus credit cardcredit card ratefirst premier credit cardfirst premier bank credit cardinstant credit cardbank credit carduk credit cardairline credit cardpremier credit card

Posted Under