Barry Ritholtz of Fusion IQ Thinks Rally Still Has Room to Run (DELL, FDX, SBUX)

Barry Ritholtz, CEO of Fusion IQ, today on a web cast with Yahoo! Finance stated this rally still has room to go.

He stated on a valuation basis, you can make a case the market is overvalued or approximately fairly valued. He did not think on a pure valuation tilt that the market is "cheap". However on a technical and historical basis he thinks the market might only be in the 6th or 7th inning and has some more room to run.

Ritholtz's firm is positioned in several companies at these levels for long term investments. Some of these include Starbucks (NASDAQ: SBUX), Dell (NASDAQ: DELL), and FedEx (NYSE: FDX).