Biggs is Back
When markets were 15% lower he was dreaming of being ultrashort. Now, Mr Biggs is disclosing his bullish stance again by proclaiming he has gone from 20% net long to 65% net long. He also explains he is not a speculator and that the market will go slowly higher. That was when the DOW was down small digits earlier today. Well, our readers remember what we wrote late this Friday, “Wish I Was Short”. Watch below Bloomberg video for the final Sell signal. Biggs, bullish as ever. As we said, all pundits are confused.
How is this guy still a fund manager? Either a) He’s a complete idiot and goes ultra long when markets are topping; losing huge sums of money for his clients or b) He’s really a genius and herding the masses for the slaughter so his fund can sell into price. My money is on a). Barton Biggs = Best Contrarian Indicator Ever.
I am curious if his fund is long-only or can they go short?
He seems to be like many, swayed by the daily market noise. Bullish at tops, bearish near bottoms.
By the way, to the webmaster, nice call on spx 1200 today.
Olé!! I was waiting for your update about Barton Biggs going net long!
Keeping track of his positions is definitely an outstanding contrarian indicator…
Long life to The Trader!