Barry in Barron’s

Barry Ritholtz is interviewed in this weekend’s Barron’s. Here’s a sample:

Given the uncertainty in the market at large, what appeals to you right now?
We’ve been trading the two-to-one leveraged [exchange-traded funds].
One is the Ultra S&P ProShares [ticker: SSO] — for every dollar the Standard & Poor’s 500 moves, it moves two dollars. And there’s also Ultra Triple Q ProShares [QLD], the Nasdaq 100-version of the SSO. The flip of the QLDs are the QIDs, which are the negative two-for-ones on the Nasdaq. We’re starting to look at that. We are now running about 70% cash, which is inordinately high, but some of the names we’re watching, and have owned in the past, are NuVasive [NUVA], a medical-device company, Stanley Works [SWK], a great infrastructure story, LG Display [LPL] and Luminex [LMNX]. Industries we like are infrastructure, defense, biotech and medical devices.

Barry’s book, Bailout Nation, is due out next year.
(H/T: Kedrosky)

Posted by on December 6th, 2008 at 9:17 pm


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