Barry Ritholtz: The Big Picture

Barry Ritholtz of The Big Picture writes today at his site:

“I have to emphasize again: I don’t believe in forecasting. I don’t know what’s going to happen next year; Neither do you, nor does anyone else, for that matter. Bull or Bear are irrelevant labels.”

Nice sum up on a volatile market day. And he is not being sound-bitish, just real.