Barry Ritholtz, chief executive at quantitative research firm Fusion IQ, in a Forbes interview says the firm is long the market and its holdings include exchange traded funds tracking the total stock market and dividend stocks.
“We’re now about 86% long and have been for some time,” said Ritholtz, who also writes The Big Picture, a popular blog.
“I think many people had expectations that with the coming end of QE2 the world was coming to an end and that the market was coming to an end. We just don’t see that happening anytime soon,” he said in the Forbes interview.
“Right now, I think we’re at the phase of the market where a lot of people are specifically looking for a correction, and we just don’t see that as imminent,” Ritholtz said. “While there’s very likely a 25% correction, somewhere out in the future, we’re just not there.”
Fusion IQ includes Vanguard Total Stock Market ETF (NYSEArca: VTI) in its holdings. “That’s just a broad market holding. It trades a couple million shares a day,” Ritholtz said.