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Notorious BIGGS Flip Flops Once Again, Now Not "Really Bearish"
Now that the Anti-Tilson trade has been closed, it is time to resurrect the Anti-Barton "Notorious" B.I.G.G.S. ETF. The man who personifies everything that is broken with momo and levered beta chasers, in addition to his late September bottom tick memorialized here, is best known for telling Bloomberg he went very bearish 10 days ago, just in time to get his face ripped off on a central bank facilitated short squeeze scorcher, has now once again top ticked the market telling Tom Keene "that while he doesn’t want to be fully invested in equities, “it’s hard to get really bearish.” The broken gramophone continues: "“Except for Europe, the rest of the world economy is doing pretty well,” the hedge-fund manager said today during an interview on Bloomberg Radio’s “Surveillance” with Tom Keene and Ken Prewitt. “There’s too much bearishness, and equities -- particularly U.S. equities and emerging-market equities -- are very cheap relative to fixed income, Treasury bonds, high yield, other financial assets.”" Odd, because the aged former Morgan Stanley-ite was among the very people who were "bearish" ten days ago. But it's ok: one forgets things.
And in a glaring example of how not to trade at home kids, here is Biggs portfolio which is getting ever smaller courtesy of always being on the receiving end of the market's violent thrusts:
His Traxis Global Equity Macro Fund’s net long position, a gauge of bullish versus investments, is about 60 percent, Biggs said. During a Nov. 21 interview, Biggs said he cut the figure to less than 40 percent and might reduce it another 15 percentage points.
The money manager’s optimism on U.S. stocks has shifted along with the market. He raised the Traxis Global fund’s long equity position to 65 percent after slashing it to 40 percent in September, he said in an Oct. 17 interview. Biggs then boosted the figure to 80 percent, he said two weeks later. The Standard & Poor’s 500 Index dropped five straight months through September before surging 11 percent in October.
For some good old-fashioned fun at other's expense, here is Biggs from November 21, before his latest flip-flop.
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NO-TORIOUS, BITCHEZ!
This old man is high on hopium...
Does this piece on Biggs suggest that it has now become a serious flaw to adjust your investment positions based on changing realitites?
Maybe we should just outlaw flexability once and for all.
"From Nassau, Bahamas."
Laughable. Does the Notorious B.I.G.G.S. still even run serious money, or does he simply rap ( via telephone ) with the media ?
Still and all, Bloomberg's Betty Liu is a very handsome woman. Well worth the time sitting through Barton's droning...
http://66.147.244.76/~parkpla7/wp-content/uploads/2011/02/momsplash.jpg
no you sheep permabull fucknut it suggests that it has always been a serious flaw to repeatedly, and without fail, top and bottom tick the fucking market, all the while stuttering and mumbling your AUM into oblivion.
Hopium and Geritol are contraindicated.
time to pluck the pidgeon.
http://expose2.wordpress.com
thank christ, I was getting concerned regarding my short positions
His plumber is giving him bad advice.
Biggs is a Zen master.
What is the sound of having only one hand and declaring: "But on the other hand."
This is the sound of one hand clapping.
Fuck you Biggs you moronic piece of shit.
They are bearish at market bottom and bullish at market top.
Conformation of another short squeeze, gee thanks.
Short squeezes are the only way these crooked markets function. They also can squeeze the longs by having Biggs and his douchebag brotherhood, bobblehead thier "number one picks" and how great the econony is just in time for a 5 month downswing.
'Too much bearishness....just too much'...
Yea sure with the DOW only 2,000 points from all time mega bubble highs, 100% debt/GDP...oh its all good news! Yea sure.
Barton Biggs goes long, time to sell everything.
We really need real time calls by some of these guys including Biggs. I hope this interview hit around 10:45 or so this morning. I'm sure someone could make real money by doing some statistical analysis on the worst performing CNBC/Bloomberg TV touts and figuring out when those people are coming on the air ahead of time.
You would get a great combination of plain idiots and touts that are getting you to take the other side of their trade.
As I watch my ass get handed to my ripped off face in this latest market swing I remind myself... it can go the other way quickly and probably will.
ummm.. do you not see that MASSIVE down slope resistance trendline on the /ES Weekly, Daily, and the Hourly at 1260ish? Try some simple trendlines and support/resistance lines next time.
how do you make a small fortune? invest a large fortune with the notorious b.i.g.
Why the FUCK do they keep putting a man who CANNOT FUCKING SPEAK on the teevee?
I guess just because he can be relied on to tell whatever tale that fits their script of the moment.
Barton and I have ONE thing in common we both keeping trying to play a stock market that is broken,,,complete devoid of reason and controlled by central bankers.... so a bunch of stupid asses......
LOL- this dude must blow someone on CNBC- he's wrong more consistantly that Robo.....
as well as S. Dick Bove
The problem with Bove is that he only has one call, Perma-Bull on all banks. If he ever went bearish on banks, it's time go long every one of them with leverage. As least the ones that are still around by that point.
Sclerotic yes man for the banksters. No doubt uses a bib when eating.
time to change his diaper. whaaaaaaaaa, wa wa wa, whaaaaaaaaaaaaaaaaaaa
Sounds like a good time to go long in the VIX
I see one of his books on my book shelf that i never read. BRB burning it.
Stolen from clymer
.......clown fumble around for verbiage, like a stroke victim with a broken jaw.
I want to know what morons pay this dude to invest their money.
Because seriously they could be bigger idiots that Barton.
Mind you at the rate his strategy is eating capital he will be making thousandaires out of most of his millionaire investors.
The average ZH reader could outperform him and his elite pals while sleeping. Biggs, Stolper, Tilson, Bove, etc., etc. are a sad reflection of the "too many degrees and shades of pedigree" group; all the while thinking they are the smartest people in the room. Oh yea, throw the crooks like Corzine in there too.
Tools.
http://vegasxau.blogspot.com
"The average ZH reader could outperform him and his elite pals while sleeping."
Not so sure about that. ZH comments have lately been filling up with people who don't position size and have no strategy other than blindly following other ZH commenters. Blind leading the blind. I suspect the real traders don't comment as often as they're busy trading.
Biggie Smallz is the wickedest
Niggaz say i'm pussy? I dare you to stick your dick in this
If i was pussy i'd be filled with syphillis
Herpes , gonoeehea , chlamydia , gettin' rid of ya
Thank you ZH. I was listening to him on Bloomberg, and wanted to throw my ear-buds across the room. Accountability, bitchez!
where do these douches come from. even going down, every five days expect to go up, and going up expect to go down every five days. I don't know what's going to happen hear, but take some profits and buy back cheaper. and through in some i
How about we send Mr Biggs a pair of flip-flops with the Zerohedge logo stenciled on them for christmas.
These are the hedge fund managers that the first-year pseudo analyst was warning us all about yesterday???
bob_d had the anti-tilson leveraged 55X and is now positioning to buy a company which can issue junk bonds so he can buy silver bullion w/ the proceeds
He is a bigger flip-flopper than a Presidential candidate.
Compare the US with France (Obama's role model). We are in WORSE condition and we will NOT cut spending or entitlements.
France Sovereign Debt Downgraded – Debt to GDP Breaks 90%! (But US at 96% Debt to GDP)http://confoundedinterest.wordpress.com/
BB, please do not confuse the amount in your bank account with your IQ
That stupid cocksucker couldn't run a fucking lemonade stand.
Is he a paid shill for the Fed..??
Hedge funds are returning billions to their customers.
Bernanke has to find stock market cheerleaders somewhere.
Titson may be paid from the same secret slush fund.
How does a guy like Biggs hold on to any assets? I have never seen anybody as often as him. Well.....while I was typing one name came to mind.....Cramer. He migt just be worse than Biggs.
ANOTHER CROOK WITH INSIDER INFORMATION IN WALL STREET..THOSE WHO MAKE 20% PROFITS BEFORE THE SMALL RETAIL CUSTOMER MAKES HIS/HER FIRST 1% PROFIT....
I'll bet this cocksucker always leaves a cheap tip for his caddies and waiters.
Absolutely, He provides investment tips instead of cash!
Listening to Biggs is like listening to someone scrape their fingernails on a chalk board. How does this guy get so much Air time when he gets everything wrong and does not have the ability to speak.
Actually I am quite amazed he doesn't have is own TV show. I guess he's just not wrong enough like Cramer to measure up!
Die already you old scumbag bloodsucker.