Barry Ritholtz, Columnist

Bad Market News From Junk Forecasting Models

The mistake is comparing a recovery from a financial crisis with the rebound from a normal recession.

August 23, 2017 at 4:12 PM UTC

Barry Ritholtz is a former Bloomberg Opinion columnist. He is chairman and chief investment officer of Ritholtz Wealth Management, and was previously chief market strategist at Maxim Group. He is the author of “Bailout Nation.”

I see mean reversion in your future, but the spirits will say no more.
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Today’s column is a necessary evil. It is one of those things where I point out stupid things said by smart people with track records of saying things that turn out to be wrong.

The latest: the idea that the business cycle has peaked and that markets are bound to follow.