


	Fusion IQ on Bloomberg: ETFs are `Cost Effective' (Bloomberg, Nov. 21, 2007) Barry Ritholtz of Fusion IQ, comments on his investment strategy for exchange-traded funds. Included in this report are today's closing prices for widely held exchange-traded funds including SPDR Trust Series 12, DIAMONDS Trust Series I, the Powershares QQQ Nasdaq 100 the iShares Comex Gold Trust and the PowerShares DB Commodity Index Tracking Fund. Ritholtz of Fusion IQ Sees Opportunities in Agriculture: Video (Bloomberg, Oct. 23 2007) Director of Equity Research at Fusion IQ, talks with Bloomberg's Pimm Fox in New York about investment trends, Fusion IQ's use of quantitative analysis in picking stocks, and investment opportunities in agriculture and commodities, including Mosaic Co. and Agco Corp. (Source: Bloomberg) Interview With CEO and Director of Equity Research (Oct. 19, 2007) Describe FusionIQ, the investment philosophy, and the investing approach. Ritholtz of Fusion IQ Is `Nervous' About Stock Market: Video (Bloomberg, Oct. 4, 2007) Barry Ritholtz of Fusion IQ, talks with Bloomberg's Monica Bertran in New York about the performance of the U.S. stock market, business and consumer spending trends, and the outlook for tomorrow's September employment report and the U.S. economy. (Source: Bloomberg) Fusion Analytics' Lane Sees No Proof Stock Market Rally Is Over (Bloomberg, Sept. 4, 2007) Kevin Lane, managing partner of Fusion Analytics Research Partners LLC in New York, comments on his outlook for the U.S. equity market, based on his chart analysis. He spoke in an interview. "The longer-term up-trends are in place." "What you're getting here is a good correction, a long- awaited correction within the context of a longer-term uptrend." "There was aggressive selling, but none of the up-trends were violated.'' Therefore, ``there is a reason to be cautious, but I don't think that you can call a complete end to the bull market just yet." Hewlett-Packard May Beat Estimates as Sales Top Dell (Bloomberg, Aug. 16, 2007) Hewlett-Packard Co. may report profit that topped analysts' estimates after the world's largest personal-computer maker won customers with new laptops and widened its lead over Dell Inc. "They do have major earnings momentum, and are finally seeing cost savings as a result of the merger," said Barry Ritholtz, director of equity research for New York-based Fusion IQ, which doesn't own the stock. Placid Times Ahead? (Barron's, Aug. 6, 2007) BARRY RITHOLTZ, DIRECTOR OF EQUITY RESEARCH for Fusion IQ, a new quant shop, told us he has been bearish on the economy for a year and a half, ever since he began to see what was occurring in the housing sector, yet he's been bullish on the stock market because his mathematical model until very recently told him to be 95% invested the stock market. Last week, he and his colleagues began taking profits in some of the biggest positions, peeling back exposure to 50%. "Nothing is a screaming 'Sell,'" he says. "The market just looks a little tired here." Fusion IQ trades for a couple of hedge funds and also manages about $100 million in individual accounts. The model has kept clients out of the awful sectors, like housing, finance and some of the tech stocks, and placed them into the energy sector, especially the "seismic group," with companies like Input-Output (IO), which provides detailed seismic data to exploration companies. "As oil becomes more and more expensive, an oil explorer will have to know not only where it is, but how much he can get out and the quality of the crude," Ritholtz says. Companies in the seismic group provide just that kind of data. If not for such bright spots, then Ritholtz might be living in a cave, hoarding gold. "The macro perspective is very negative," he tells us. "We see the economy decelerating and GDP slowing, and employment slowing and inflation remaining stubborn. Consumer sales are slowing. The consumer no longer is able to pull as much money out of his house. He is now turning to credit cards, which are a finite source of cash. And we have been watching what we call 'retail slumming.' The Whole Foods (WFMI) customer is going to Costco (COST) instead; and the Costco customer is going to Wal-Mart (WMT); and people are working themselves down the food chains to save a couple of dollars," he says. Fusion Analytics' Lane Says `Trend Is Still Up' for U.S. Stocks (Bloomberg, Jul. 20, 2007) Kevin Lane, managing partner of Fusion Analytics Research Partners LLC in New York, comments on his outlook for the U.S. equity market, based on his analysis of investor sentiment and technical indicators. He spoke in an interview. "People are more worried about the rally failing than embracing it" and "we do like that because it suggests that people aren't fully invested. And if that's the case, there's more liquidity to drive it higher." "There's clearly been an uptrend in place for quite some time" on the Dow Jones Industrial Average daily chart. "We had a fairly good-size consolidation, and we broke out to new highs. Although you can have minor pullbacks along the way, the trend is still up, and the consolidation is just a pause within the trend."