Ritholtz High on Cash, Looking for Clarity

Barry Ritholtz, who turned bullish right around the March 2009 low and bearish shortly before the “flash crash” in May, is now sitting largely in cash — but says his best guess is that we’re in a “normal” correction, not something more severe. Ritholtz tells Yahoo! TechTicker that he’s 25% in stocks and 75% in cash. Right now, he says there’s a lack of clarity, consensus, and conviction in the markets, and he’s prepared to let the dust settle before making any big moves.