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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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Fri, 08/19/2011 - 00:27 | 1575749 LeBalance
LeBalance's picture

photoshopped addition of corn dog for Mr. Biggs?

looks like a job for William Banzai!

Fri, 08/19/2011 - 02:21 | 1576005 Popo
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. 

Fri, 08/19/2011 - 04:21 | 1576161 eureka
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.

Fri, 08/19/2011 - 08:32 | 1576554 Commander Cody
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.

Fri, 08/19/2011 - 08:44 | 1576589 55 men
55 men's picture

Sounds like he is campaigning for a bonus from QE3.

Fri, 08/19/2011 - 07:23 | 1576331 slaughterer
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? 

Fri, 08/19/2011 - 00:31 | 1575764 runlevel
runlevel's picture

awesome. totally dawesome

Fri, 08/19/2011 - 01:55 | 1575962 He_Who Carried ...
He_Who Carried The Sun's picture

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

Fri, 08/19/2011 - 00:35 | 1575766 macholatte
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.

Fri, 08/19/2011 - 00:33 | 1575768 Cursive
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.

Fri, 08/19/2011 - 00:36 | 1575783 pesamystik
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.

Fri, 08/19/2011 - 04:35 | 1576176 navy62802
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."

Fri, 08/19/2011 - 00:40 | 1575789 digalert
digalert's picture

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

Hey, isn't that a Barama quote? 


Fri, 08/19/2011 - 04:56 | 1576192 navy62802
navy62802's picture

Here's the image I got in my head when he spewed that gym:

http://www.ostrichheadinsand.com/images/ostrich-head-in-sand.jpg

Fri, 08/19/2011 - 00:40 | 1575793 zorba THE GREEK
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.

Fri, 08/19/2011 - 01:27 | 1575895 RockyRacoon
RockyRacoon's picture

I suggest you remove all funds from Traxis Partners.

Fri, 08/19/2011 - 00:41 | 1575795 Blorf
Blorf's picture

He sounds like that deer in the headlights looks.

Fri, 08/19/2011 - 03:53 | 1576131 Bananamerican
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

Fri, 08/19/2011 - 00:44 | 1575803 pesamystik
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. 

Fri, 08/19/2011 - 00:46 | 1575804 dwdollar
dwdollar's picture

He sounds drunk.

Fri, 08/19/2011 - 00:46 | 1575810 chump666
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.

Fri, 08/19/2011 - 06:43 | 1576269 Instant Karma
Instant Karma's picture

What could possibly go wrong?

Fri, 08/19/2011 - 00:46 | 1575811 onarga74
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

 

Fri, 08/19/2011 - 00:56 | 1575819 Kali
Kali's picture

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

Fri, 08/19/2011 - 00:51 | 1575823 Independent Rep...
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.

Fri, 08/19/2011 - 04:27 | 1576168 The Proletariat
The Proletariat's picture

It's.....biaaaa biaa bia bitchez

Fri, 08/19/2011 - 00:51 | 1575824 Votewithabullet
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.

Fri, 08/19/2011 - 01:01 | 1575842 fuu
fuu's picture

Well at least you type better than you talk Barton.

Fri, 08/19/2011 - 01:12 | 1575863 alexwest
alexwest's picture

and faster too.

 

thumbs up :))

alx

Fri, 08/19/2011 - 00:56 | 1575830 Archimedes...
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.

 

 

Fri, 08/19/2011 - 00:58 | 1575836 jmc8888
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

Fri, 08/19/2011 - 01:07 | 1575854 sitenine
sitenine's picture

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

Fri, 08/19/2011 - 01:01 | 1575844 Lionhead
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.

Fri, 08/19/2011 - 06:49 | 1576274 Instant Wealth
Instant Wealth's picture

*applause*

Fri, 08/19/2011 - 01:01 | 1575845 Arkadaba
Arkadaba's picture

"cowardly bull" - huh?

Fri, 08/19/2011 - 09:45 | 1576856 InconvenientCou...
InconvenientCounterParty's picture

"honest politician"

"sympathetic corporation"

"smart bomb"

Fri, 08/19/2011 - 01:05 | 1575851 Arkadaba
Arkadaba's picture

What a bullshitter

Fri, 08/19/2011 - 01:07 | 1575853 alexwest
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

 

Fri, 08/19/2011 - 03:05 | 1576067 OldPhart
OldPhart's picture

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

Fri, 08/19/2011 - 01:10 | 1575860 carbonmutant
carbonmutant's picture

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

Fri, 08/19/2011 - 01:14 | 1575865 radish juice
radish juice's picture

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

Fri, 08/19/2011 - 06:34 | 1575867 Endstrategy
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.

Fri, 08/19/2011 - 01:18 | 1575874 Element
Element's picture

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

Fri, 08/19/2011 - 01:21 | 1575881 takeaction
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

Fri, 08/19/2011 - 01:33 | 1575909 myne
myne's picture

Whoa!

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

Fri, 08/19/2011 - 01:57 | 1575968 takeaction
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!

Fri, 08/19/2011 - 03:14 | 1576084 Temporalist
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."

Fri, 08/19/2011 - 01:24 | 1575891 gwar5
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.

Fri, 08/19/2011 - 01:24 | 1575892 Drag Racer
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

Fri, 08/19/2011 - 01:25 | 1575893 mfoste1
mfoste1's picture

and senility has set in.....

Fri, 08/19/2011 - 01:36 | 1575897 TruthInSunshine
TruthInSunshine's picture

Biggs is an asshole of the highest order.

Everything is a-ok according to him, yet he begs Bernanke for QE3.

What a lying and/or insane sack of total shit.

And what is this High Frequency ECONOMIC DATA from China he speaks of? WTF is that? He gets High Frequency reports and newspaper articles?

Strap a depends on this guy, put a pacifier in his mouth, and stick him in a Sunrise Senior Living Center, with a half gallon of prune juice, a terry cloth bath robe and flip flops and a backlit television 'clicker', stat.

Fri, 08/19/2011 - 04:45 | 1576185 StychoKiller
StychoKiller's picture

You really need to stop repressing yer feelin's fer this guy, go ahead, let it all out!  You'll feel ssoo mmmuch bbbetter! :>D

Fri, 08/19/2011 - 01:40 | 1575927 Bear
Bear's picture

QE II worked, I want to see QE III ... this guy needs to take the marbles out of his mouth

Fri, 08/19/2011 - 01:42 | 1575931 oblonsky
oblonsky's picture

"I think QE2 worked"

 

God help him. This guy's portfolio has tanked and he wants the Bernank to bail him out before all of his clients demand redemptions plain and simple. 

Fri, 08/19/2011 - 01:42 | 1575933 SumSUN
SumSUN's picture

Has anyone else tried eating ipads yet?  I heard they were deflating.

Fri, 08/19/2011 - 01:50 | 1575951 nyse
nyse's picture

Shocking he aint seeing the bad news up in Greenwich. This dickhead in CT is looking around and thinking, This aint so bad. The guy's living in a fucking bubble, I-I-I-I-I dont think he has any idea what really going on out there. Its so bizzare to me - this asshole is managing millions of dollars. WHO THE FUCK IS THIS GUY?!?

"the most grotesque-cum-slow-motion-train-crash-rubbernecking entertainment"

Here, here!!

Fri, 08/19/2011 - 01:59 | 1575970 Arkadaba
Fri, 08/19/2011 - 02:08 | 1575985 antidisestablis...
antidisestablishmentarianismishness's picture

I'd let Barton Biggs run my money blindfolded before I'd let most ZH commenters touch it.   That said, the intro paragraph was funny as hell.

Fri, 08/19/2011 - 02:24 | 1576015 TruthInSunshine
TruthInSunshine's picture

Really?

Okay, he's running a new fund (tiny AUM), but he got the solicitation circular wrong; he mistakenly put 20/20 for the fee structure and it's obviously 2/20, so don't be frightened by that.

You're probably right that he's quite adept, with his High Frequency 'Information' that he gets (???) and the fact that he's so confident in his claimed positions, he feels the need to literally beg Bernanke for QE3.

It's all quite confidence inspiring. He can really sell his ability.

Fri, 08/19/2011 - 04:48 | 1576188 StychoKiller
StychoKiller's picture

A nice thick tin-foil beanie can stop most of that high-frequency information!  Consider it a Public Service Announcement. :>D

Fri, 08/19/2011 - 03:06 | 1576069 Maxter
Maxter's picture

I think most ZH commenters would simply tell you to buy gold.

Fri, 08/19/2011 - 09:48 | 1576877 fonestar
fonestar's picture

Yeah?  And if so you would be fucking broke.  Fully 'tarded.

Fri, 08/19/2011 - 02:21 | 1576006 boiltherich
boiltherich's picture

schizounipolarpermaclowndementia

 

ROTFL

With features of luposlipaphobia running from the big bad wolf of equity declines. 

Fri, 08/19/2011 - 02:23 | 1576008 KowPie
KowPie's picture

"Things aren't so bad"

"No, continued sell off wouldn't turn me into a bear"

"I see real growth in the next 2 quarters"

"The data isn't accurate enough"

"The problem isn't in the US. Europe really needs to take bigger steps to correct."

 

I have about 1/10,000th of the market knowledge of the "old timers" on this site and those statements still floor me. Am I that far off in my take on the general state of the country? The world financial condition? What planet is this guy from? Following ZH for the last 1.5 +/- years has given me a rudimentary grasp of finance and that clip blew me away. This guy is a lifelong expert? By what standard? As the saying goes, "I don't care what you did yesterday, what are you doing today?". He needs to retire on past successes and call it good.That's probably the hardest thing, to retire at the top of your game without hanging on until you become the public hasbeen.

Fri, 08/19/2011 - 03:13 | 1576081 blunderdog
blunderdog's picture

Damn.  I thought it was a classic old Don Knotts bit based on the pic.

Fri, 08/19/2011 - 03:35 | 1576104 Gringo Viejo
Gringo Viejo's picture

My father is 91. Like Biggs, he doesn't know who he is either.

Fri, 08/19/2011 - 03:52 | 1576128 FoieGras
FoieGras's picture

Was he ripping Morgan Stanley? His old company and his biggest investor in his hedge fund? LOL

Sad he's whining for the Fed to step in. Crying for QE3. How pathetic.

Fri, 08/19/2011 - 04:47 | 1576171 navy62802
navy62802's picture

"No one can be sure about anything in this environment..." - Biggs

WRONG - You can be sure that gold will continue its run up.

Fri, 08/19/2011 - 04:36 | 1576178 10044
10044's picture

this guy advises obama right?

Fri, 08/19/2011 - 04:44 | 1576182 Rikki-Tikki-Tavi
Rikki-Tikki-Tavi's picture

A very dynamic guy - not long ago he claimed to be "about flat" 0.50 into this clip to protect the capital of his clients

 

http://www.youtube.com/watch?v=dB_PdL9tIv0

Fri, 08/19/2011 - 05:14 | 1576209 buzzsaw99
buzzsaw99's picture

Bernanke should do something do something...

 

egad

Fri, 08/19/2011 - 05:40 | 1576229 I am a Man I am...
I am a Man I am Forty's picture

who would pay for this nonsense, people are fucking stupid

Fri, 08/19/2011 - 05:56 | 1576239 FoieGras
FoieGras's picture

Barton stuttering an awful lot. He seems nervous.

Fri, 08/19/2011 - 06:14 | 1576248 Iriestx
Iriestx's picture

I... I... I... I... I... I... bitchez

Fri, 08/19/2011 - 06:48 | 1576273 BlackholeDivestment
BlackholeDivestment's picture

Gold at $1877 and counting higher.  http://www.youtube.com/watch?v=9rI0kOrgcMU

Fri, 08/19/2011 - 07:07 | 1576297 jjsilver
jjsilver's picture

people still believe this guy and other fairy tales like 9-11

Fri, 08/19/2011 - 08:00 | 1576435 Ned Zeppelin
Ned Zeppelin's picture

Barton Biggs should be the name of the protagonist in the next Coen Brothers movie. This guy is a real goofball. But CNBC and the other propaganda practitioners have need of him and his ilk.

Fri, 08/19/2011 - 08:08 | 1576460 KnightsofNee
KnightsofNee's picture

Mamamamamamamamamamamamam, I i i i i i i i i i i i i i i i i i

AHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHH!

Fri, 08/19/2011 - 08:17 | 1576500 Ironmaan
Ironmaan's picture

Everything has its season. Bartons season is clearly over.

Fri, 08/19/2011 - 08:19 | 1576507 j0nx
j0nx's picture

Why the F does anyone listen to these Ivy League pukes? Isn't it obvious by now that they are all in on the scam and full of shit?

Fri, 08/19/2011 - 08:28 | 1576540 Sledge
Sledge's picture

 

 

I... I... I... I... I... I...I don't see a bottom!! (before, when going short)

I... I... I... I... I... I...I don't see all the bad news that you keep citing! (after he bought "the bottom")

I... I... I... I... I... I...I'm playing with my poop now!!! (next week)

Fri, 08/19/2011 - 08:51 | 1576606 NuYawkFrankie
NuYawkFrankie's picture

I'd like to see HER bottom ;)

Fri, 08/19/2011 - 09:23 | 1576753 Sheriff Douchen...
Sheriff Douchenik from AZ's picture

This guy and Buffoon are scumbags of the highest order. Outraged at bankers? How is this maggot any better? If anything he's worse, taking peoples retirement $ and blowing it at the casino.

QE2 worked so he wants QE3...f-you Biggs.

Fri, 08/19/2011 - 09:51 | 1576886 joak
joak's picture

They all go crazy... I just heard on French Biz News channel :

- "Gold is going up up uo... where will it stop ?"

- "But?... is it gold going up, or the EUR and Dollar going down ?"

Another jerk :

"There is a psychose about debts... Govts have to spend otherwise the economy will slow down, those austrerity measures are silly..."

 

Fri, 08/19/2011 - 10:37 | 1577130 VegasRage
VegasRage's picture

What a fine cheerleader he is, shake those pom-poms baby! If he is knowingly lying, he is going to hurt a lot of average people who look to reports like this for guidence.   

Fri, 08/19/2011 - 17:34 | 1579146 ParisianThinker
ParisianThinker's picture

Barton has made a lot of money, have you made as much? He is entitled to his opinion. What is really sad is how disrespectful people are towards those who stutter or who are aged. 

 

 

Fri, 08/19/2011 - 18:03 | 1579254 ParisianThinker
ParisianThinker's picture

August 8th panic the ratio of declining stocks to advancing stocks was 77 to 1, a ratio never seen before in the past 80 years.

The closest incidents were the May 1940 ratio when France fell to Germany; that ratio was 60 to 1.

The second incident was on Black Monday during October 1987 when the ratio was 49 to 1.

In both cases, those hugely high ratios marked a near-bottom, and within one month of those ratios the market was 10% higher.

A few days ago we saw down volume equal to 98% of up + down volume, an incredible extreme.

Market can go higher.

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