Technical Analysis of STOCKS & COMMODITIES on The Big Picture
Technical Analysis of STOCKS & COMMODITIES magazine has an excessively nice review of The Big Picture in the July magazine, where your humble narrator gets favorably compared with James Cramer, and the blog itself gets kudos for its scope and breadth.
Here's an excerpt:
"Ritholtz's The Big Picture is an excellent contribution to what are known to some in the blogosphere as "expert blogs." While blogs have gained notoriety for both sociopolitical commentary and a certain professional-caliber narcissism (the two not necessarily mutually exclusive), the expert blog phenomenon is one that must be applauded by all of us who have found ourselves subtly (or not so subtly) getting a greater degree of our news and opinion from places other than the traditional news media. Like widely respected Middle East historian Juan Cole on Iraq, or University of California at Berkeley economist Brad deLong on economics, Barry Ritholtz has used the blog form as a way of making his knowledge of the world of finance and market behavior accessible to any interested party with a web connection.
Cramer, Cole and DeLong: Heady company to be compared to.
This paragraph very much resonated with me; I find it hard to recall how we invested and/or traded prior to the internet:
For those who have come of investing age during the information revolution of the past decade, it is hard to imagine how our trading predecessors managed without online brokers, real-time streaming quotes, fundamental corporate information within a mouse-click, and more technical analytical tools than keys on a grand piano. To that list, we can add the free insights available from men and women who for years have made the financial markets their home."
I am grateful and humbled by the review.
You can see the piece in its entirety here.
>
Source:
Websites for Traders
David Penn
Technical Analysis of STOCKS & COMMODITIES, July 2006
http://www.traders.com/Documentation/FEEDbk_docs/WebSites/Websites.html
PERMALINK (PDF)
http://www.traders.com/Reprints/PDF_reprints.html$RR_BIGPIC
Wednesday, June 28, 2006 | 09:01 AM | Permalink
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Comments
Let me add my personal thanks to your good public review. Some of your daily commentaries have waked me up, and I'm OLD. When I first invested in the early 1970's I had to go in the brokers office the first few times to place orders. Finally I got permission from them to give verbal orders by phone to a particular account rep, since I travelled a lot. You had to read the paper to see stock prices at closing, and there was no "intraday" info easily available. S&P and Value Line reports were on paper and you had to go to the library to do research. Now I check Japanese and Brazilian stock prices directly in real time and so on. How far we've come, indeed. Thanks again.
Posted by: OldVet | Jun 28, 2006 9:27:20 AM
«your humble narrator gets favorably compared with James Cramer»
Well, I don't follow much Cramer, but... Have you ever heard of ''Damning with faint praise''? ''Guilt by association''? ;-)
«Like widely respected Middle East historian Juan Cole on Iraq, or University of California at Berkeley economist Brad deLong on economics, Barry Ritholtz»
Now this is different :-), this is a serious and well deserved endorsement, which quite agree with. To be named along with people who provide serious information and insight, that is impressive.
As to my own tastes, Ritholtz, deLong and Cole are 3 of the 5 authors that I read regularly for information and stimulation (Thoma and Gross being the other 2).
Posted by: Blissex | Jun 28, 2006 9:32:51 AM
Stocks and Commodities is published in my hometown, Seattle, and is an outstanding and serious magazine. The Big Picture is miles above the nonsense that Cramer puts out.
Posted by: rob | Jun 28, 2006 9:53:07 AM
Juan Cole, the glorified Arabic and Farsi translator, has got nothing on good old B.R.
Now if only Kudlow would let free speech apply to our friend, and stop letting the Fifth Third Asset Management wonks hog the airtime.
Posted by: sell_the_ten_year | Jun 28, 2006 10:03:34 AM
I second everything posted by Blissex. Congrats. All but one Bliss. You read Gross? His writing is so lame it is embarassing. Someone with his net worth should hire a ghost editor at a minimum. Actually, he can be unintentionally hilarious with metaphors mixing with such wild abandon that nothing he says makes much sense. He can sure trade bonds though...
Posted by: Ned | Jun 28, 2006 10:05:26 AM
Ned and Blissex,
Are you guys referring to Dan Gross of Slate, or Bill Gross of PIMCO ?
Posted by: Barry Ritholtz | Jun 28, 2006 10:53:11 AM
I am a big fan Barry... but while Real Money is worthy of mention, Cramer is not.
Posted by: Bob A | Jun 28, 2006 11:03:16 AM
Pretty sure he's talking the Chief Pimco Pimp himself. Bill's writing IS amusingly horrific. Every commentary leaves me thinking "THIS guy is the bond king of the world?...Whaaa?!!"...which in turn gives me hope. If that clownfreak can achieve what he has, it should be a cakewalk for me.
Be careful with the Juan Cole comparisons though Barry, next thing you know the wingnuts will be trying to blackball you from Yale.
Posted by: Alaskan Pete | Jun 28, 2006 11:05:23 AM
Oops. I was talking about the bond king. The slate guy can write as that is his livelihood and he is good. Thanks for clarifying and amplifying that for me Pete.
Posted by: Ned | Jun 28, 2006 11:14:11 AM
Congrats, Barry. Well-deserved. I'll be a dissenter on Bill Gross's monthly column. For the amount of deep technical matter he interposes, I have always found it well readable and highly intelligent, as well as surprisingly honest re bond prospects for a man in the bond biz. He's a Renaissance man of sorts, as is our host here, apostrophe problems notwithstanding latterly.
Posted by: jcf | Jun 28, 2006 11:47:33 AM
Thanks Barry, your "charity work" is much appreciated.
Posted by: alan | Jun 28, 2006 11:49:43 AM
I'm with OldVet. Thanks Barry! I bought the newsletter! It's the first time in all my years that I bought a marketletter and in the first week, got a trade that paid for it. Talk about the greatest story never told!
I'm not in the same league with the pros that trade and comment here. So formally, I say to you, thank you , Barry!
Posted by: DaveF | Jun 28, 2006 12:04:58 PM
"professional-caliber narcissism" LOL!
Posted by: toddZ | Jun 28, 2006 1:02:16 PM
Barry has the ability to understand details coupled with a vision of the macro. Add this to a strong communication skill and a comfort with disagreeing with the crowd, and you have a very rare person. Thats what makes this a very fine blog indeed.
Posted by: Keith | Jun 28, 2006 3:19:41 PM
Well deserved acolades! In the world of the internet outstanding work will not remain a secret for long.
Posted by: Steve C | Jun 28, 2006 3:31:01 PM
(From another lurker) Congratulations on some well-deserved kudos! I'm new to finance, and more than half the stuff posted in the comments usually goes over me. But the mix of topics, discussion & comments has made this website the one I read most.
Barry, if you think appropriate, it'll be good to hear what other blogs/websites you read; and also, maybe occassional postings on how you developed your knowledge base (Other than the WSJ & the Economist, most of my learning/exposure to trading+economics+finance has been through here). This is probably a huge undertaking, so even pieces of this should be very helpful - "every journey is made of small steps."
On a side note, I'd like to add another voice to the request for occasional (delayed) postings from your website here. At this point, I have only some cash in a very restricted 401K, so not sure what I'll be able to pick up there.
Congratulations, & Thank you, again!
Posted by: darkroth | Jun 28, 2006 3:39:10 PM
Doesn't that feel good?
There's something appealing about the tone of your writing, Barry. You have a good sense of balancing serious material with humor. You express yourself clearly and you take a strong, fearless opinion when it's required. I never get a sense of egomania, an affliction that impairs most Wall Street media folks.
It's a refreshing place to come and relax and see what's up.
Posted by: John Navin | Jun 28, 2006 4:20:07 PM
Great blog, Barry. You deserve the Kudos.
I just wish you would grab Kudlow by the throat and say "Shut the hell up !". Oops... did I say that. Sorry. But really, Larry... Shut the hell up ! Oops, I did it again..
Posted by: me2200 | Jun 28, 2006 7:06:58 PM
You haven't done a post on market outlook recently, but I'd like to eat a little public crow along with others who doubted your dead cat call. Nice timing.
Posted by: ndk | Jun 28, 2006 7:56:50 PM
And congratulations at making it onto the blogroll at Atrios.com
Posted by: Slothrop | Jun 28, 2006 9:30:52 PM
Kudos to you Larry. But the most fascinating paragraph of this article was the one about all the informtation we have at our fingertips - fundamental, technical, sentiment, opinions. THERE WILL BE A CHANGE IN THE MARKETS FROM THIS. I wish I knew what it is / will be!
Posted by: Brad R | Jun 29, 2006 6:57:57 AM
Hey Barry,
I hope you were being sarcastic and or facetious in being flattered at the comparison to DeLong. I checked out his blog and found his lefty drivel to be a real turnoff. Has anybody ever seen DeLong and Krugman in the same room at the same time? I have to ask 'cause what I read on DeLong's blog could have been written by PK.
Posted by: ArizonaChartist | Jun 29, 2006 6:10:13 PM
