Barton "One Time" Biggs comments about the Market being the most oversold he's seen in 20 years was
ridiculous!
Yeah, the market was oversold short term and due for a rally off the 200 day MA in the S&P500, and the almost hit targeted measured move at 1073.
But the his comments about being the most oversold in 20 years was pathetic, and not even close! Bob Farrell lets see your numbers?
Does anyone remember these ridiculously
oversold times, like... Mid March of this year, March 2003, October 2002, July 2002, Sept 2001, March 2001, Sept and Oct 1998, April 1997...???
Too much is being made over people like Barton Biggs, Robert Prechter, Abby Cohen and others! CNBC blah... blah... blah...
Market is in a corrective phase, after huge run up last year, and higher interest rates this year!
Good Luck!
