this clown's hedge fund is probably on the verge of a blowup. he's starting to sound like mock_trad3r, you know, just keep repeating the bullish comments and maybe by 2011 you'll be right. question is, will his fund survive that long?
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biggs says rally soon
- Thread starter Free Thinker
- Start date
this clown's hedge fund is probably on the verge of a blowup. he's starting to sound like mock_trad3r, you know, just keep repeating the bullish comments and maybe by 2011 you'll be right. question is, will his fund survive that long?
Quote from killATwill:
Hi staff, are you referring to the range of the vix or the dow? thanks.
the vix is volatility index for sp500 the vxd i think it is, is the volatility for the dow, i look at the vix. If you read about the vix and how its calculated and what it means.
vix at 80 (like it is now) is basically pricing in a 68% chance of an up to 80% move over the course of the next year (from today). To get the monthly you divide 80%/(sqrt 12) = 23% once again that means 68% chance of up to a 23% move.
Quote from rosy2:
has barton biggs ever made money investing/trading? he was a strategist at ms (aka. salesman/stock hype) and his hedge fund is sub par.
he took the closed end pakistan fund private at net asset value at the bottom. he and MS squeezed out the public share holders just before the pakistan stock market quintupled.
MS brought Pakistan fund public at 14 and took it back at $2.
if anybody is interested how wall street works I have given it to you in 1 sentence.
Quote from aresky:
Friday 14 march 2008, Barton Biggs predicted a Big Rally and there was a big rally starting from monday 17 march 2008. About one thousand points for DJIA in two days. The rally ended on may 2, 2008.
On friday 24 October 2008 Biggs said
``One of these days, even if the world is going to hell, we will have a tremendous run-up,'' said Biggs, 75. ``There is an extreme level of pessimism and almost despair. As long as I have been in the business, those have always been good signs.''
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aoUldsftFVAw
Oct. 24 (Bloomberg) -- U.S. and European stocks are ``very, very cheap'' after the Standard & Poor's 500 Index lost 40 percent this year, the worst annual drop since 1931, according to Barton Biggs, managing partner at hedge fund Traxis Partners LLC.
``U.S. and European markets have blown out to record levels of attractiveness versus bonds,'' Biggs said in an interview with Bloomberg Television. ``We're at very, very cheap levels.''
The S&P 500 trades for 11 times estimated profit for the next 12 months, while Europe's Dow Jones Stoxx 600 Index fetches 7.7 times earnings, according to data compiled by Bloomberg. The S&P 500's dividend yield is 3.46 percent, compared with the 10- year Treasury yield of 3.69 percent, the data show.
``One of these days, even if the world is going to hell, we will have a tremendous run-up,'' said Biggs, 75. ``There is an extreme level of pessimism and almost despair. As long as I have been in the business, those have always been good signs.''
The investor said large, ``high-quality'' U.S. companies including Cisco Systems Inc., 3M Co. and Procter & Gamble Co. are the cheapest in the world. ``And if you've really got the intestinal fortitude, these emerging markets have been absolutely crushed,'' he said.
Russian shares are ``dirt cheap'' because oil has plunged more than 50 percent in less than four months and Prime Minister Vladimir Putin ``acted like a jerk,'' Biggs said. The hedge-fund manager also said he favors India because it will be ``the next China.''
Russia's Micex index has retreated 73 percent in 2008, while India's Sensitive Index lost 57 percent. Both measures had surged sixfold since the end of 2002.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aBTL.Wro3MEQ
Itâs âpanic creating a freefall as investors simply liquidate anything and everything,â said Walter Gerasimowicz, the New York-based chief executive officer at Meditron Asset Management, which manages $1.1 billion. âThe market seems to be very overdone, almost pricing for a depression.â
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=ajRLd2ZN3_2g
Barton Biggs was right again
European and US stocks rally
Friday's PG price $58.87
Today PG $63.23
MMM
Friday $59.61
Today $64.31
Right again? It's easy to be right when your comment is as general as ``One of these days, even if the world is going to hell, we will have a tremendous run-up,'' said Biggs, 75.
Of course we're going to have some big up days at some point. The article also points out how very wrong he was regarding the S&P.
Of course we're going to have some big up days at some point. The article also points out how very wrong he was regarding the S&P.
I would never buy India, China, or Europe. Only Brazil and US large cap tech.
And this is the start of a huge rally. Not gonna end at just 1,000 points.
And this is the start of a huge rally. Not gonna end at just 1,000 points.
Quote from Moneyball:
Right again? It's easy to be right when your comment is as general as ``One of these days, even if the world is going to hell, we will have a tremendous run-up,'' said Biggs, 75.
Of course we're going to have some big up days at some point. The article also points out how very wrong he was regarding the S&P.
Biggs was right on March 14 regarding the Dow Jones (big rally)
And Friday he was right. He said
``U.S. and European markets have blown out to record levels of attractiveness versus bonds,'' Biggs said in an interview with Bloomberg Television. ``We're at very, very cheap levels.''
His top picks PG and CSCO rallied from friday levels