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Podcast: Money Life with Chuck Jaffe
Episode: Ritholtz: 'What on earth is more bullish than all-time highs and record profits'
Description: Barry Ritholtz, chairman and chief investment officer at Ritholtz Wealth Management, says talk of stagflation and other potential economic woes is overblown, and that the economic data suggests that the economy will overcome the short-term headline distractions to perform reasonably well, even if consumers and investors feel dissatisfied living through periods of higher inflation and lower investment returns. He says the profitability and performance of companies are broadening, and that's happening right now, which should make investors bullish. Also looking at recent market highs as a good sign is Tom McClellan, editor of The McClellan Market Report, who thinks...