Barton Biggs Appears On TV, Opens Mouth, Hilarity Ensues

Tyler Durden's picture

Barton "AUM Smalls" Biggs, who is now very obviously floating in a geritol-free pink cloud of his own, and who back on August 4 predicted a 7-9% rally in the next 3 weeks, only to realize subsequently he forgot a minus sign (and potentially his incontinence protection), confirms he has now totally lost all grasp with reality. As in an absolute psychotic breakdown, per the following statement given to Bloomberg TV: "I don't see all the bad news that you keep citing." We urgently demand that the DSM IV do some creative adjustments to their definition of schizounipolarpermaclowndementia and apply the appropriate image of this now uber-ridiculed example of a the lost beta chasing generation (and one with some very serious flaws in thawing from the cryogenic sleep state). Forget late night comedy, the following 8 minutes are nothing short of the most grotesque-cum-slow-motion-train-crash-rubbernecking entertainment one can get for free tonight.

 

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LeBalance's picture

photoshopped addition of corn dog for Mr. Biggs?

looks like a job for William Banzai!

Popo's picture

 Some select quotes for anyone not wanting to sit through the stutter-fest:

1)   "I don't see all the bad news that you guys keep citing"... followed shortly thereafter with ... "We need something more out of the Fed".     (Wait... so the economy is just peachy... but we need QE3?)

2)   "I believe QE2 worked"   

3)  "When fiscal policy is negative, the way it is now and we're in a stagnant period, we ought to have affirmative policy".    

4)  "I'd like to see the Fed do something really dramatic.   Like buying a different asset other than treasuries."    (Ya mean, like maybe equities Barton?   How would that sound to you?)

 

Btw -- he sounds scared out of his mind. 

eureka's picture

Your Barton quotes show his ideocy. I've hated his fucking cheeleading since day one. Makes you wonder what exit will he choose - high window, revolver, samurai sword?  Harakiri, Banzai Barton, unlike trying to pull everyone else down with one self - has real honor.

Commander Cody's picture

Sorry, Barton.  The Fed appears to be sacrificing equities at the altar of Treasuries because they are not buying Treasuries at this time.  Why would they want to be holding the bag when Treasuries blow up?  Following the Fed on the way up or down is not a bad strategy.

55 men's picture

Sounds like he is campaigning for a bonus from QE3.

slaughterer's picture

It seems that the traditional, Graham-schooled, old-time, buy-and-hold investment "great generation" is sticking with their traditional strategies of suffering the pain, hoping it is temporary: in addition to this B Biggs interview on Bberg yesterday, CNBC had an interview with Marvin Schwartz (Straus Group, Neuberger Berman) and Leon Cooperman, where these dinosaurs, clearly feeling the pain, were not advocating a major change in strategy, even with the indices collapsing behind them.  And what about the biggest of them all, Buffet, still betting against an oncoming recession in the face of all analytic support for it? 

runlevel's picture

awesome. totally dawesome

He_Who Carried The Sun's picture

"...Ai, Ai, Ai, Ai, Ai, still think we're OK..."
This guy is mad. Very funny!!

macholatte's picture

He thinks QE2 worked and also probably contributes to the Obama re-election campaign. OK. Cool. Is there a triple inverse ETF for his portfolio? Just askin.

Cursive's picture

It is somewhat satisifying to watch these frauds, these grifters like Biggs and Buffett get their comeuppance. A brighter future awaits us all if these charlatans are turned out.

pesamystik's picture

"I, I, I, have not sold. I, I, I don't think we're going to a recession at this point." - Biggs.

Biggs is on some crazy pills, and cannot even decide if he is 50% or 60% net long. Really? If I was an investor with him, I would definitely be scared...terrified in fact.

navy62802's picture

Yeah he definitely came off with a vibe of "I don't know what the hell's happening right now ... I don't know what to do with my investments, so I'm just going to sit on my hands while the market crumbles to the ground."

digalert's picture

"I don't see all the bad news that you keep citing."

Hey, isn't that a Barama quote? 


zorba THE GREEK's picture

I I I I I I I think Ba Ba Ba BA Barton has a a a a a a gra gra grasp on the th th the the situation.

RockyRacoon's picture

I suggest you remove all funds from Traxis Partners.

Blorf's picture

He sounds like that deer in the headlights looks.

Bananamerican's picture

lol

here's a "before" video of BB back in April...same cast all around...

He seems to have trouble saying "i".....need a Freudian to unpack the "i-i-i-i-i-"

http://www.youtube.com/watch?v=Jto0dzvNshM

pesamystik's picture

I I I I would like to see Bernanke do QEIII, I I I would like more free money. I I I I just shat my my my diapers. I I I I am a fraud. 

dwdollar's picture

He sounds drunk.

chump666's picture

He is just a sucker watching his portfolio turning to nothing...f*cker should take the pain and admit he is wrong.

Instant Karma's picture

What could possibly go wrong?

onarga74's picture

Form 8-K for ZAGG INC

Here's some real life compassionate conservatism at work. We have a lot of folks in town who aren't eating.

 

http://www.sandypost.com/news/story.php?story_id=131354326716469800

 

Kali's picture

BAC just announced up to 10000 jobs are to be cut.  But I don't see any bad news in that.

Independent Republicrat's picture

I I I I I I better call the teleprompter's handler and make sure the fix is still on.......bitchez.

Votewithabullet's picture

Fuck. Talk about hype. The way you swiss fucks slammed the old guy I was expecting serious comedy. The old guy is entitled to his opinion and at least he's out there not hiding behind a borrowed icon of an icon. tyler durden indeed.

fuu's picture

Well at least you type better than you talk Barton.

alexwest's picture

and faster too.

 

thumbs up :))

alx

Archimedes...'s picture

Who the fuck dug up Biden's long lost rainman brother out of the woodwork? 

 

Shit, I, I, I, I, I really hope Biden's doing a better job in China than his brother is doing in Connecticut, in Connecticut.

 

 

jmc8888's picture

Well if he ever gets his head cryogenically frozen, I hope he gets the Ted WIlliams treatment.

Someone takes his head and uses it as a bowling ball.  At least then his head will be doing good for someone then.  It sure ain't now.

 

Glass-Steagall

sitenine's picture

I'll see your Glass-Steagall and raise you a Volcker Rule.

Lionhead's picture

Dear Mr. Biggs,  Do yourself, your investors & the public all a favor & retire. You're loosing a grip on reality & your perceptions are not fact based. Mr. Biggs, go out gracefully; there's no need to go out on a stretcher.

To Bloomberg; please stop putting these geriatric people on your broadcast channel including Wayne Angel from this morning. They are all routed in the past. The past is finished now. Ways & beliefs of the past no longer work in modern markets. Please, enough of all this nonsense from your guests & your media.  Thank you.

Arkadaba's picture

"cowardly bull" - huh?

InconvenientCounterParty's picture

"honest politician"

"sympathetic corporation"

"smart bomb"

Arkadaba's picture

What a bullshitter

alexwest's picture

what an old fart.. is he dead yet?

what a miserable he has if he need to show up on TV here /there..

 

alx

 

OldPhart's picture

huh?  I woke up inhaling this morning.  I'm good...

carbonmutant's picture

If he hasn't sold How much has he lost?

radish juice's picture

Is he still as good a contrary indicator as he used to be?

Endstrategy's picture

He stutters you asshats. This isn't him being "scared about the economic situation," or MAD.  Listen to his other interviews, or simply google it.  Any attempt to connect his speech impediment in this interview to his shitty economic outlook is way off and shows your ignorance and disdain for disabilities.

Element's picture

Dunno which was funnier, the vid or Tyler's intro ... ROFLMAO!

takeaction's picture

Off Topic Sorry...but you need to see this....On this video of Rick Perry, click to 40:00 and tell me what this guy says to Perry?...You will not believe it!! LISTEN CLOSE!!

Tyler...take a look.  UNREAL!!

 

http://c-spanvideo.org/program/PerryRe&showFullAbstract=1

myne's picture

Whoa!

"Bank of America. We'll help you out."

takeaction's picture

Thats what I said.....Can you believe that.  If you turn it up...you can hear Perry acknowledge!!  WTF??????  B of A to help Perry...this looks like some underhanded shit!

Temporalist's picture

That is as clear as day.  Perry almost looks frightened of that BAC rep as if he already knew who it was and didn't want to be seen in a public setting with him.

 

Rick Perry's campaign slogan - "Rick Perry.  He'll help you out.  Brought to you by Bank of America."

gwar5's picture

"We urgently demand that the DSM IV do some creative adjustments to their definition of schizounipolarpermaclowndementia and apply the appropriate image of this now uber-ridiculed example of a the lost beta chasing generation (and one with some very serious flaws in thawing from the cryogenic sleep state)."

 

He scares me too.   

Schizounipolarpermaclowndementiaphobia =  someone who fears financial advice from Barton Biggs.

Drag Racer's picture

an article saying the same as this idiot.

http://www.marketwatch.com/story/no-bear-market-no-recession-smart-bull-...

sounds to me like the 'players' are doing their best to get out and looking for suckers. this tells me to take advice from the Pythons... run away, run away

mfoste1's picture

and senility has set in.....