Paul Desmond Spots Market Highs and Lows

Barry Ritholtz is a Bloomberg View columnist. He founded Ritholtz Wealth Management and was chief executive and director of equity research at FusionIQ, a quantitative research firm. He blogs at the Big Picture and is the author of “Bailout Nation: How Greed and Easy Money Corrupted Wall Street and Shook the World Economy.”
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This week on our Masters in Business interview, we speak with Paul Desmond, president of Lowry Research, the oldest technical research firm in the U.S.

Desmond is the winner of numerous awards, including the prestigious Charles H. Dow award for his research on identifying market tops and bottoms.  As a contemporary of people like Joe Granville, he has terrific anecdotes about the days when market gurus ruled the land.

The full podcast is available on iTunesSoundCloud and on Bloomberg.  Earlier podcasts can be found on iTunes and at BloombergView.com.

Next week, we speak with Mario Gabelli of Gabelli Asset Management.

This column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.

To contact the author of this story:
Barry L Ritholtz at britholtz3@bloomberg.net

To contact the editor responsible for this story:
James Greiff at jgreiff@bloomberg.net