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Contrarian Indicator 101: Biggs "Terrified He Is Too Small"
By his own admission in an interview today with Bloomberg TV, Barton Biggs is "elderly and not as sprite as he used to be" but for our purpose he is perfectly placed. As the almost-perfect contrarian call (bullish into August here and bearish in September here for example) notorious flip-flopper Biggs is now both "terrified he is not long enough" and yet "fears that an apocalyptic end to the Euro could occur within the next 3-6 months". According to Bloomberg, Biggs is net-long around 65% equities and noted he is "terrified I'm too long if the apocalypse is coming in Europe." Yet another canary in the seemingly 'ever-more-full-of-canaries' coal-mine (but now perhaps post OPEX and facing IMF/Greece/IIF reality we will see contrarianism at its best).
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Sprite? Lemon-lime?
Surely you mean spry. Whatever.
Biggs is more deadly than those 12,000 troops heading to Libya.
Sierra Mist? Jarritos Limon?
Forget Barton Biggs, who is that hot Bloomberg talking head?
She is rather sultry isn't she, they should just keep the camera on her even when that old windbag is talking, then I might actually watch that channel for more than 30 seconds at a time.
I - I - I - uhhhhhh - I - I - I - I - uhhhhhh - I - I - I - I -
will manage my own money, after seeing that sideshow.
BTW... yes, hot anchor!
Buuu bubu bubbuttt butbutb but but....
Supo....
I'll give you your money back... If i can remember where i put it.... It must be around here somewhere.... I think it was a in a cookie jar somwhere.... Shit.... Alzheimer's a bitch....
can you imagine working for this bitter old arshole
4 hours afternoon naps....
Stepping into his office every day and ask for your paycheck while making him think he's getting senile and cashing 20 paychecks a month?
Make him think your a son of one of his children and claim his fortune? UNCLE BIGGS!!! REMEMBER ME?
....
I could live with that :)
Coulda been a 2 minute interview if Barton could get a decent string of words out. Makes me jittery just to watch the old fool. When do these people go away?
I loved him as Jar Jar Binks.
His son is actually called Barton Biggs just so the senile old prick can remember his name. This is the guy who attacked Krugman in a scathing Hong Kong newspaper article in 1995 after Krugman released his treatises stating the Asian meltdown was imminent. He basically stated that Krugman had no idea then went on to list all the reasons why investors should jump on the asian bandwagon. Three months later the asian economy collapsed. The only thing consistant with Biggs is he is consistantly wrong.
Q: If Biggs tried to rape that hot anchor, what crime would he be charged with?
A: Assault with a Dead Weapon.
i'm sadly getting up there, and no matter what, at 80 there is no weapon.
Confirmed, she delivered firm indicators.
Ayayayayayayayayayayayayayayayayayayayayayayayaye Aye dont know ayayayayayayayayayayayayayayayayayayayayayayaya I'm a republican, ayayayayayayayayayayayayayayayayaye dont have patience for interviews my depends is leaking ayayayayayayayayayayayayayayayayayayayayayayayayayaya aye aye dont know why people give me their money when I'm so wrong all the time and confused ayayayayayayayayayayayayayayayayayayayayayayay I wish someone would kill me....drool......tapioca pudding?
Pretty sure it's Deirdre Bolton. They've got other hotter anchoresses, you just have to be patient and wade through a lot of fluff. Plus, they don't dress as provocatively as the CNBC women, so you have to have a more vivid imagination.
As per Barton Biggs, he's gotta be right sooner or later, doesn't he?
Yes, Dierdre Bolton is the hottest hottie on Bloomberg TV.
Susan Li comes in a close second, maybe ties for first if you are really into Asian chicks.
I kind of like Margaret Brennan. Geeky financial hot.
Deirdre Bolton gets a little tiring. She reports like an A-type girlfriend trying to talk you into something that ain't gonna be good for you.
Linzie Janis is a stunner on US late-night to usher in the European markets. They never shoot her, except from the waist upwards.
Full figure shot wearing something a bit welcoming, and Bloomberg could re-invent late-night TV.
Barton Biggs died when he was 78. It's difficult to tell the difference between him alive and dead.
Nonsense. His fund had lower yield when he was living.
Oh, and Anastasia Haydulina gets an honorable mention.
I second your Linzie Janis motion. Unfortunately she dresses like a 1950's era British school marm, but she is a looker. Cali Carlin is also hot,but doesn't get a lot of air time.
And yes, I spend way too much time watching Bloomberg TV...
Make mine Margaret Brennon, Deirdre looks too much like a robot.
The track record of this guy is horrendous.
http://ericsprott.blogspot.com/
could go for one right now..I was thinking the same thing
Talking about indicators. This firm is my best indicator: http://bit.ly/jmgPLz They said on Friday that natural gas will kick ass this week. Natural gas is up +9% today.
lng/natural gas will be ubiquitous for auto [all combustible engines] fuel in the world in less than 20 years --- just as the wireless cell phone [towers/ bandwidth spectrum infrastructure] was 20 yrs. ago --- can't stop progress - building out infrastructure as i write big time
jmo
Too expensive to handle for retail. Trucks, maybe. Cars, IMO never.
In Lima, Peru a large part of the taxi fleet as well as many small cars are now running on NatGas. It's more economical my in-laws tell me. One of our own employees has a car that runs on NatGas.
And Peru is POOR! If they can do it, we can too. At least some low hanging fruit (taxis, city buses, maybe later on all trucks using the Interstates, etc.) would not be horrifically expensive.
Many cities in the US already run hybrid buses. I have also seen natural gas buses in a city. Also, truck drivers are adding gas systems to their trucks (natural gas into manifold) or solar for electric appliances(no idling). It is really nothing new. The only issue I have is with carrying around those gas tanks in the trunk. Even a leak can be dangerous.
Many people in Latin America installed propane systems into their cars in the oil crisis of the 70s. It is a pretty straight forward operation.
It is capitalism working on its own without the need of government. As gas prices increases, new solutions start to pop up (hybrids, conversion, biofuels, electric, etc). Nothing new really. It is when I start hearing governments talking about subsidies when I shit my pants (market interference).
http://www.youtube.com/watch?v=vGR1bHN5tBA
Its hydrogen that produces power the rest is just trash. Oh guess what has more hydrogen by mass then oil or natural gas. Thats right water. Wow imagine and ocean of water now that would be special.
You can build catalysis for water but if you did it would be the last thing you built. So untill people are free to invent; water will be just for drinking.
He's baaaaaaack:
http://www.guardian.co.uk/world/2012/jan/23/gaddafi-loyalists-bani-walid...
Spritely as in full of vitality or lively, to which Biggs is not. Look up the damn word you ass-hat. Just because a word has been commandeered by a soft drink, doesn't mean it has no meaning. Download the damn dictionary app to your iPad.
Bring it bitches. The recovery is ready.
www.SouthGaRealEstateReport.comHaha, good one. I stopped reading the post when they quoted stats. There are always pearls in any kind of market. The real estate pearls (like Manhattan) are going for a premium. Most of the country is NOT Manhattan. I repeat. Is NOT Manhattan! Good luck getting rid of all those boom time suburbs anywhere where jobs have been lost for good and aren't coming back. Oh wait, that's the rest of the country. NOT Manhattan.
I got news for you-- jobs lost in Manhattan are not coming back either.
Biggs "Terrified He Is Too Small"
Poor SOB.
Gross too. Seriously, Bill reciprocates that sentiment.
Everybody take a second look at this one! I wish I could like it twice, once for the unapologetic double entendre and once for the fractal picture
Mrs. Biggs "Terrified He Is Too Small"
Fixed it.
Mrs. Biggs "Confirms He is too small". Seeks stimulus package.
Sorry friend but you only get the stimulus package if you're "too big to fail." I tell you, the rich just keep getting richer
As I cannot currently play the video; how can he say he fears that he is not long enough, yet he's terrified he's too long? Is that the actual quote? If so, that is the most "short equities, and go long equities" I've heard. Is that to read, go delta neutral?
yes, he said that. It all boils down to if Europe collapses or not.
Couldn't you just go USD/EUR as a hedge against Europe collapsing, and then long US Equities, if this is the scenario you forsee?
"delta neutral" = Sound Money. If we elect Ron Paul many people like Biggs wont have to work so hard running hedge funds.
Most guys worry if they are not long enough.
It's all about the girth of the portfolio
Having had the pleasure (ah hemmm) to have sat in numerous meetings with Barton over the years, I'm afraid that I'll have to sit in another at some point in time.
Bring a pillow!
serious question - how does a guy who is so wrong all the time get so much coverage?
comedic riff:
State of the Union coming up tomorrow night.
another similar contrarian idicactor is going to speak.
still gets coverage.
but who pays attention?
You could ask Kudlow. He has a string of losers on regularly. Week after week, year after year. Losers all.
Yet they keep getting air time. The real winners are out doing what they do best: Making money. Too busy for all this talking head crap.
Note the Fox News fellas as well. Commentators who have been wrong time and time again....
A twist on the old axiom of "Those who can, trade; those who can't, comment".
The guy is pushing 80 years old. Time to retire?
Nope. Time to Allahu Akbar!!
Maybe he gambled his 401 away in the stockmarket and is forced to keep working? Not everybody wants to live in a tentcamp you know.
Biggs is "still bullish stocks"
sounds like some peoples over-confidence deserve to sleep in tents (Bigsy, you're tenting with Warren)
Looks like a range bust reversal bar is taking place today in the Qs. At the top of a broadening top on a new moon nonetheless. PSQ may be good for a quick low risk ride here.
3:00 pm rumor just hit via FT: Berlin wants bigger firewall.
Well, yeah. Here's the prevailing opinion amongst Eurocratz of the rating agencies:
http://www.monstersandcritics.com/news/business/news/article_1686926.php...
would those f'n Krauts get make up their minds:
First its: Tear down this wall.
Now its: We wanna a bigger VALL!
Vat the Schubbergeflocken!!!
FT Germany commentary says, "Berlin should provide a bigger firewall".
Guess FT killed their own rumor. Was worth a few nice ES handles while it lasted.
Wow he gives me a lot of confidence in his money management skills. Maybe he should put that out as a slogan...." I'm terrified and I'm not quite as nimble and sprite ". Think that would help his AUM?
OK. Biggs was the last thing I was waiting for to go balls to the wall short. He just gave the green light....
ALL HANDS ON DECK!! WAIT, THE DECK IS 15.2FT UNDER WATER! ALL HANDS TO LIFE BOATS!!!
Vada A Bordo, Cazzo!
Capitano, che cazzo fai? Che cazzo vai?
That cazzo is an important word...
Isn't he 101?
It's the way I feel..being ~90% in gold/silver stock. I can see gold shooting to the moon, yet between March and September, depending upon herd behavior reacting to Europe, gold could, in my opinion drop to $1000/ounce and silver into the $20s.
And it's not just all about perception--it's about that $160T in derivatives and how they react along with herd behaviour when Hungary, Greece, Portugal and/or Italy truly implode.
Will the herd think inflation popping gold/silver and potentially stock upward, or will the reaction be as it was in 2008 where everything falls into a black hole and the herd once again runs to daddy dollar?
And then, underneath it all is the omnipresent hypothecation which in an extreme case could unravel brokerage after brokerage and in a flash wiping out the SIPC's entire "insurance" funding leaving investors who, as I do, "think I own stock." In reality what I and most others own is "a promise."
2012 shall be a year to remember.
dear stevious, i don't want to be pedantic, but are you aware that the SIPC insurance is only against FRAUD not losses. and it is a pittance.
http://www.sipc.org/how/brochure.cfm
i think they have about 3 billion capable to pay out - which is why the madoff thing was so bad for many people, because fraud was proved, but there wasn't any funding there. 3 billion is peanuts. somebody correct me if if i am wrong.
Agreed, in reality fraud or not fraud what good is a penny return on $100.
"[...] apocalyptic end to the Euro could occur within the next 3-6 months"
hurried activity around mint/print complexes should be a sure warning... I don't believe in unexpected monetary collapse in any Euro country.
http://www.youtube.com/watch?v=ApGQq6RLCAA&feature=g-all-u&context=G2c5bec8FAAAAAAAAEAA
these guy were to small too!
so Main Street! there is no such thing as "To Small, To Fail".
>>>Biggs is now both "terrified he is not long enough"<<<
A lot of men have that fear. They are by and "large" (well, not so much) correct.
Would'nt give him my money, he'd forget where he put it, along with the car keys and todays post......................Now its right about here somewhere
It is just like flipping a coin...One of these times he is going to come up heads...
it sounds like Biggs is balancing on its edge
Every dip being bought with the utmost ferocity.
Except for Newmont Mining, which is getting "chain-sold" for the 6th day in a row.
Probably because the Germans are PowerRangers now:
http://www.bloomberg.com/news/2012-01-22/eu-finance-ministers-meet-on-cr...
nice to know you have the right connections; as Don C used to say; you never come and see me when you need me, now is that the way to treat your family?
Familigia!!
Newsflash, Robo! All miners are going into the crapper. Check Hecla Mining's 10 day trading history.
Do you care to guess why all miners are being sold off across the board?
Watch the transport sector go down next followed by the energy sector.
Of course CMG, NFLX and LULU are going to scream higher because hot bitches in tight pants sitting at home streaming online movies when they're not eating out at the Mexican Grill!
Your trading logic is awesome!
Biggs' fund returned something like 6% annualized since 2003. After 2/20 fees. Easily beats most people here who are ripping him.
go calculate how much he would have made if he did the exact opposite of what he said. and just FFS let's just assume he is smart enought to use a stop. the figures easily blow away the 6%
BAC up 5 days in a row, everyone pretty much gave that stock up for dead.
Robo, what is your SPX target right now?
financials will have a good year, only cuz the fed will print quadrillions to bail out every fuckin bank in the world. SPX should have a high return year as well.
but if you price all this bullshit in gold, it will be a horrible year for financials/spx
We have artificially strong banks across the world.
Banks that are parking their money at the CBs
The rest of the world is starving for cash.
But we have healthy banks with unlimited cash!
That is not being invested back into the economy.
So in the end ... who cares?
There will be a total disconnect between what is and what is NOT.
Mark my words.
While checking out Trish Regan today on Bloomberg, Joe Granville said that volume prcedes price and that we hit a top last Friday and a decline 50% in the market is imminet.
What's Granville know about bots, anyway?
They let Granville out of the psych facility to make that appearance?
Biggie Smalls, FTW!
Please - you're making me crazy - no more Biggs.
I just wonder how anybody can see any up side to equity markets (barring people who think that equities are panacea for inflation) at the moment when in US probably 40 or 50% of population is just buying only things to survive, the same in Spain, Greece, Portugal, Italy, and many small countries in Europe. Probably situation in England, France, Canada and many others is not much better. Who will buy more of the junk and services produced by those great companies? They already fired millions and upside on cost savings is very limited and market is still shrinking. All those poor billions of Chinese and Indians will fill the gap?
corr,; "3-6 HOURS........"
Anit-Biggs ETF anyone?
equities are cheap, right?
Virtual Memory: Compilation, Transcription, and Time
Why would you plant and tend a garden when your neighbors are guaranteed to strip it, long before maturation. That would be stupid. Plant a garden where it is sure to fail, while the empire watches. Tend another.
The universe wastes nothing. If you do not use an entire byte, the universe will employ the remainder for you. If you use entire bytes, the universe will employ the unused portion of bits, by identifying useful patterns, connecting a circuit.
You don’t have time for extensive dc conditionals. You need an AC pattern matcher(of pattern matchers). Ever watch kids play match with a deck of cards? The ones employing memory are slow and relatively ineffective at the game, but quit efficient when looking for particular pairs. How does the kid match every time, after seeing it only once, and turn over a new card? Jeopardy does not measure intelligence.
Don’t go corporate unless you are prepared to appear thoughtless, either as slave labor following rules or master authority making up rules, either loading trucks or expanding WIC. Over empire time it becomes increasingly difficult to remain thoughtless or thoughtful without making a mistake. If repeated, the result is disastrous. Plan rung construction accordingly.
You don’t have to complete a rung in one pass, but it must be implicitly completed by mistake replication, to meet backlash timing on the third. The ladder cascade completes the wave. Lose all the battles to win the war. The fulcrum is a decision tree of decision trees, learning to create a centrifuge to distill the match orbit, across the looking glass.
The implicit vortex is the root of all fusion/fission reactors in the multiplexer. Naturally, the counties seek corporate sponsorship. If one loop contracts, another must expand…but not necessarily in the same dimension. Market accounting and vulture capitalism is the same thing; the Fed is blind by design.
At time T, vortex sympathetic resonance, the universe is in relatively suspended animation, the equations of which only apply to time T. You see what you want to see. The empire simply aggregates majority rule. The smaller the pebble, the longer it takes to change course, but time is relative.
Don’t set down a loaded shotgun by a spoiled 2-yr-old and expect a happy outcome, for the participants. Education begins long before birth and ends long after maturation. Public Corporate Education is like stepping into the middle of an assembly line and increasing its efficiency with control, throwing off timing in both directions, stopping time. Cutting and pasting the conveyor belt is make-work.
Investing is a matter of perspective, on the accounting cost of energy transformation. For the short speculators, this is top-dead-center, the bottom of the education cycle. For value investors, it’s time to long talent. For the intermediaries, employ calculus to isolate the relative integral. After the bang/whimper, all followers will be relative inflation/deflation losers. It’s not how much you play with at the table; that’s the casino’s game. It’s what you take away.
Don’t get in line on Monday. The empire is max-out-of-time. All known event horizons have labels. Now, the roadway slush funds liquidate.
Yes. If you want to compare the US to the USSR, the US is a great country, but it’s a poor door prize. Never park in government/corporate space time, unless you want the empire to think you are stupid. The trick to a real marriage is being in time with each other, as a platform to the future, which is always an unknown event horizon, a quantum work in PROGRESS.
In other words, all is good...just as long as we can somehow continue printing trillions out of thin air at 0% interest to keep shoving into the gaping maw of the global collapse.
And no doubt Abby Joseph Cohen is terrified that she is too big.
Thanks Mr. Biggs, very much.
Stay nimble and sprite.
And ... maybe et someone else to speak for you
Great headline. :)
SO how is this a contrarian indicator. He is frozen in his tracks = we should be running, but which way? He is afraid that he is too long, also afraid that he is not long enough. How does one pull contrarian 101 out of that?
Top is in, get ready for languishing at this level for a bit, then like a few months ago -1,200 in a week on the DOW. All about pump and dump and bulls are about to get their nuts clipped again.
as much as i agree with you that we're near a top, not sure if i agree on your -1,200 in a week forecast on the Dow. I think we're gonna slowly descend for a couple weeks, maybe hit around the 1260s and resume rally.
Barton Biggs!!! Not only is he not long enough.
That cocksuckers balls hang to his knees and he
couldn't shoot a wad if he had to.
Wheeling the decrepit, semi-senile BB before the cameras to give us his
financial thoughts is exactly the same as hauling the GOP contenders
on screen to give us their political thoughts(slogans) - except Ron Paul.
'I'm bu- bu- bu- bullish about stocks, as long as the world holds together....which means ongoing printing 0% free money out of thin air somehow forever....OH yea and also as long as the people take their crushing austerity measures (raping) like good peasants'.
What a clusterfuck.
One question for Biggs and the rest of the permabulls to answer- When this market melts up on 0 volume, who do you think you are you going to sell to?
'I dont see the people of Europe 'on deck' yet'...
Whats that supposed to mean, on the deck of the Titanic to walk the plank into the icy waters to their own death to sacrifice themselves to the fund managers?
what he's referring to is the public sector workers (Unions) signed up to 'austerity'
decades of bloated comfy over-caked public employment is not going to come to an end easily
You're on the right track.
'The only problem here is the people of Europe just need to accept their crushing austerity measures for the benefit of us billionaires.'
These people should all be lined up and shot.
'All hands on deck' .... but the ship is still sinking
Barton kept repeating to himself, "Mrs. Deirdre Bolton-Biggs...Mrs. Deirdre Bolton-Biggs". But it was no use.
Biggs, "all hands (eurocrats) are on deck"
Yep, re-arranging the deckchairs on the Titanic to be precise. They've been "on deck" 14 times/meetings in 18 months and they still couldn't get further than agreeing on the table water
what's even more of a nightmare than these inept politicians not being able to make a decision is the thought one day in the next Century these posturing windbags actually come out of a meeting with a collective decision
When they've found a 'solution' it's our cue to "Run for the Hills, Run for Your Lives"
Biggs is a jumper. He'll be one of those poor fools who leaps to his own death when Europe implodes.
Biggs is not a jumper. He is a big wimp not even able to look at his own shadow. Piss on him. Selling infinite US deficits to China, India and the rest of the world. For what, to sell out capital.
If i see him in life i dont care how crippled he is I'm going to set his stupid ass in fire. Just like the rest of the sellouts. Santa is keeping a list, and checking it twice.
Biggs is an Asshole but he is seeing violence and stupid for the first time in his life, yes people might really care more about their kid or mother who cant make a living, rather then the banks, government or even evil terrorists. Yes some people only see the slushy and not the brain freeze that comes with it.
"terrified he is not long enough"
How big is his Adam's apple..??
That's always a good clue.
First off, the guy is operating a hedge fund, probably as a figure head. What he says has no resemblance to the positions his firm holds. They are not buying and holding straight, period. They do use complex strategies.
The BIGGEST UGLY ASSHOLE **PIMP******EVER ON TV, GFY!
Someone needs to TEABAG HIM LIKE A DRUNK LSU FAN!!!!
Dear God when are these geezers going to croak.
he didn't say it this way - its is wrong to twist his words like that