This page has been archived and commenting is disabled.
With The S&P Down For The Year, Here Is A Chart Of Barton Biggs 6 Bull Market Calls In 2011
Of all the dumbest things we heard today, the one that attributes the last minute jump in the market to a CNBC interview with Barton Biggs (or Not-So-Biggs based the meager $547 MM in AUM for his Offshore fund) easily takes the cake. The man whose only recent claim to fame is the following soundbite from last November which conclusively proves that in race for the 100% RDA of Geritol, Charlie Munger may have a serious competitor, ""Bernanke has gotten the stock market up, which is what he wants to do, the stock market is an important symbol of confidence, and Mr. Market is a pretty good forecaster of the economy" appeared on CNBC and told anyone who was not immediately bored to death or hit by a sudden urge to be incontinent, that the market is "grossly oversold" and sees a "significant rally" on the horizon, with a jump of 7-9% in the next three weeks virtually guaranteed. In retrospect this is precisely the idiocy the serves as a market catalyst in the post-11:30 trading block when Europe is closed, when Intesa Sanpaolo does not trade but not due to being halted all day, and when idiots and robots take over. Regardless, we decided to look at the levered beta momentum chaser's soundbite track record over just 2011. To our not so great dismay, Biggs has called at least 6 bull markets in a period of time in which the S&P has gone... negative.
Barton Biggs and the S&P (chart courtesy of Andrew Yorks):
And the clip in question for all you masochists.
»
- 11414 reads
- Printer-friendly version
- Send to friend
- advertisements -
Relief rally? Yes. Significant? Possibly.
Bull market? No.
<-- Dead cat bouncing
<-- Economic utopia beginning
That hammer is definitely tempting, but without fundamentals behind it, or even a QE3 announcement for a shits-n-giggles relief rally, it will just be a dead cat bounce.
i'm not even sure the carrion that was once the dead cat has much bounce left. more at dust billowing to reveal the maggots.
A Barton Biggs Benjamin Bernanke Babbling Bubblehead Blessed Blowjob Cunning Cardhouse Donky Kong Imperial Diarrhea Relief Rally - U.S. stocks may rise 10% while USD falls 10% - so which do you take to the store in exchange for the tripple-ply you will need more badly than ever?
POPQUIZZZ BITCHEZ!!
THE ECONOMY BUS IS DRIVING AT 90 MILES AN HOUR TOWARDS A CLIFF
ALL YOU'VE GOT IS 2.4 TRILLION IN DOLLAR BILLS!
NOW WHAT DO YOU DO!!! WHAT DO YOU DO!!!
TIK TAK!!...
TIK!
TAK!...
Bribe the driver to hit the brakes?
Nop, bus drivers only accept exact change. You've only got dollar bills.
And second, you're not allowed to speak to the busdriver or step behind the white line.
So, I can't just bash in the driver's skull, throw the corpse out the door and take command myself?
Man, you are tough.
So much for plan B.
Shred it! That way it won't achieve terminal velocity.
Use the money to wipe your butt? Because you will be crapping your pants?
Oh ...by the way - its TICK TOCK not TIK TAK oh never mind you're belgium or something like that, you're excused.
How high is the cliff?
My rough calculation shows the 38% Fib retracement of the S&P puts it back at the 200 dma. I don't see the market breaking that unless they can convince everyone to keep volume at vapor level.
lock and reload
Cog,
What's your take if the NFP number sucks tomorrow? Does the trap door open and we fall in (sub S&P 1250)?
There are so many mixed signals - a head and shoulders on the S&P and what if we post a negative jobs report like I am forecasting we will. Is it the bear I have been looking for?
I've gotten creamed this year on options - picking the wrong way 3 times.
This time I think I will be right. -10K NFP - unemployment 9.4%. 150K birth/dead adjustment.
You heard it here first. Flush on bitchez.
Barton Biggs must be hittin the crack. Rally. What a joke. Debt to GNP just went over 100%.
The cost of Motorcycle fairings has risen steadily over recent years to such an extent 2001 Yamaha YZF R1 fairings that you could build 15 new complete motorycles 2002 Yamaha YZF R1 fairings adding up the price of the Motorcycle parts separately when purchased 2005 Yamaha YZF R1 fairings as spares.One way to save money on the cost of motorycle 2006 Yamaha YZF R1 fairings parts is to purchase non genuine items from the
1999 Yamaha YZF R6 fairings aftermarket where saving of 30-70% can be made with equivalent quality Yamaha YZF1000R Thunderace fairings items in many cases.Of course there are some Motorcycle Yamaha YZF600R Thundercat fairings parts that you can only buy from the actual bike manufacturers such as fiberglass parts, petrol tanks, many electronicsKawasaki ZX6R fairings and logos but in general most motorycle 2000 Kawasaki ZX-6R fairings parts can be purchased freely on the open market for attractive prices.There are several 2001 Kawasaki ZX-6R fairings aftermarket success stories in motorcycle 2002 Kawasaki ZX-6R fairings parts in such areas as chains, sprockets,tyres,brakes and suspension 2004 Kawasaki ZX-6R fairings parts and simple motorcycle parts such as light bulbs, oils and spark plugs and these can be purchased online or from most motorcycle 2006 Kawasaki ZX-6R fairings dealers. It is always good to know your exact make model and year of manufacture when procuring 2008 Kawasaki ZX-6R fairingss motorcycle parts and often the bike model series code or chassis code to ensure you get the right parts. This information can be found in your 2001 Kawasaki ZX-9R fairings vehicle ownership document.The 2003 Kawasaki ZX-10R fairings Motorcycle Industry has seen a boom time in recent years and the future looks extremely 2004 Kawasaki ZX-10R fairings positive due to not only the freedom of individual travel that a motorycle 2005 Kawasaki ZX-10R fairings affords riders but also due to the huge cost savings Kawasaki ZX12R fairingss in transportation compared to gas guzzling larger 2003 Kawasaki ZX-12R fairings and Suvs. The scooter market has seen a boom in many countries where miles per gallon can reach over 100 compared to a motor car rarely exceeding 30 miles per gallon.As gasoline reserves draw to a close Kawasaki ZX14R fairings motorcycles and the sales of motorcycle parts for home maintenance will be a booming business. Ducati 848 fairings Markets such as China and India have seen a massive surge in the use of smaller capacity motorcycles and scooters and the trend continues.
I get it .
Your long motorcycle fairings
That's quite a chart.
It would be great to see an annotated chart of David Rosenberg's equity market calls for the past couple of years.
Absolutely, if it is also annotated with his bond and gold calls...
....and the peformance of his equities, bond, and gold calls.
double post..
and instead of having the chart start March 9th, 2009.. maybe push it out to say April 2007?
Gold, utilities and Long bonds are up a ton over the last few years, and the 3 year avg returns beat the crap out of the market..
So please - to all those who conveniently reference a March 2009 start date.. you are kindly invited to eat a giant bag of dicks.
Did that mother fucker have a stroke or what? Why the fuck can't he talk right?
Yeah...we'll be at a higher high by the end of the year but that ain't got jack shit to do with his guessing.
That's nothing but Delta Points which he can't possibly understand.
i was going to post the predictions of fellow deflationist Rob Prechters delusional inept frauds at Elliott Wave International but a photo of turds being flushed down the toilet i thought might bring the place down a bit today ...still if you're in Gold and Silver (which retard Prechter sold in 2001 - Doh! - at the start of the decade long rally coz he's got no fuking clue about precious metals prices) there's something to cheer about today
Prechter has called for super crash three years in a row. He has struck out. His call: Dow 1,000 or less. LOL
Actually, he called the rally at the end of February 2009 when everyone else was shitting their panties. He also called the 2007 top, 3 months early, true, but he was still ahead of all the linear forecasters.
He also called the end of this rally way too early, but nevertheless, he was one of the few that called the 2009 bottom. His timing has sucked on calling the bear rally top, but he's been predicting the crash that we're all looking for now since 1999. His forecast is playing out, over time, but yeah, if you listened to him at the end of 2009 you missed out on a lot of this rally. Big picture, though, he's more right than a lot of folks are giving him credit for. He was talking about Europe long before it was making headlines, along with a lot of other events that have come to pass. I like the Socionomic theory, just don't use it alone for trading.
Wonderdawg
Prechter has been wrong from 2009 and all the way into 2011 ..i was there, i got the 'Prechter is a Moron' t-shirt... it's no good cherry picking saying "Prechte was right here" ...it's the 14 months out of 15 that he gets it WRONG that makes his Elliott Wave technique a complete shambles and a danger to every unknowing or easily mis-led and conned investor... you cannot follow Prechters diabolical inaccuracy at predicting without losing vast sums of money.. his predictions month after month are shit. Period.
You drop back to the trenches by saying he's "right on the big picture" well no he's not even half right there either. He's been calling for a delfationary meltdown and we've got a very mixed bag out there. His simplistic deflationary 'black and white' Bear market has not happened for the last 4 years he's been singing like a loony for it. They may be right one day (ie. all-out deflation) but it doesn't make up for their cronic lack of reality describing the mixed full colour state we are in. Prechter is deflation-biased in the extreme to the point of delusion.
That delusion at his ability permeates his ebtire sham of an organisation. They constantly quip at other market participants being so worng all the time, quoting other people and then saying how much better they know the market. But hard stone cold truth is EW are the worst market predictors, possibly ever.
Prechter and his EW crew of cretins have been hammered by EVERY market analsys for 18 months on the trot. Wiped the floor and noses rubbed in it. The 2009-2011 whitewash fully invalidates his techniques (they make a 50/50 coin toss look like a financial genius). it is a measure of how far Prechters head is rammed up his pompous arse that he continues to peddle this failed fraud of a technique as being accurate
Prechter and Elliott Wave are a completely busted flush, 2009-2011 RIP
Why would anyone buy his Socionomic Theory. You don't need to read his crap to figure out politicians are pissing off everybody.
His crap and advise almost buried me. Watch CNBC and do just the opposite and you would be better off.
Better yet. Read Zero Hedge and get better insite of mood and markets. Pay for Prechter's Ponzi Scam. Never Again.
You can walk on water if you pay Wilder for the never published turning points which that cock sucker did.
3% real GDP growth. Man these people crack me up. Later on after we collapse further he will say....."nobody could have seen this coming"
or the overused word "unexpectadly" with every miss...
Pension funds are planning on 8%.
What could go wrong?
Wicked reversing candle a la PPT suggests a tradable rally. Investable? No.
Looks to me like Mr. Biggs is living large at a high-end assisted living facility. Do you think it is a single occupancy room, or double occupancy where Medicare pays most of the rent? If so, he better pray means testing doesn't make it through DC.
Did he really ask Maria to climb up the ladder and update the chalk on Bell Atlantic (BEL)?
Was she wearing a short skirt?
Barton doin some fartin...
Better get the Extra Large Depends out for him.
BoP: You reminded me of this one:
Q: What does Barton's apartment smell like?
A: Depends...
That hits too close to home. When the dementia gets worse, your parental unit will punch you in the face, and tear your medicine cabinet off the wall to fight you tryin to get them in the shower to wash off the shit they've spread from the backs of their knees to their armpits.
Make sure one of you buys long term nursing insurance.
The Mexican nurse I go for my dying mother left a pig carcass in the pantry after she died. Guero Bartie, you need some south-of-the-border care?
CNBC's video player sucks. It only plays like half the time. Why can't they just use YouTube?
If the markets are down more than 30%, I will concider looking to some stocks to buy.
Untill than, P/E's can't attrackt me at all to do so.
lunatics still running the asylum
And the value of a faked Benny stock market as an indicator for the ecoomy is Mr Biggs ????
Benny is pumping the stock market as a means of "raising confidence" in the broader economy is he? Now you've let the cat out of the bag how are businessmen feeling about a faked, steroid abused centrally planned economic indicator! Are they likely to be happier or more concerned?
You just can't get the quality of moronic crones these days!
His timing is suspect. The revisiting of 2011 highs will coincide (probably to the day) with whenever the wall street bonus cutoff date is.
This CLOWN continually gets airtime, but Bill Murphy (GATA) who has gotten it RIGHT (gold/silver) for a DECADE is BANNED from CNBS.
And what does that tell you?
Short covering rally today and PPT vapors have screwed many on hump day. Could biggs be suffering dementia at the assisted living facitlity.
When you hear people who wear Depends say "The fundamentals of the economy are strong" sell every fucking thing you can sell immediately and buy gold and silver.
and he can quit that fucking tactical stuttering which has ripped my ass for 30 years, if you cant talk sit down and shut your cakehole
"Mr. Market".....LMAO!
"Mr. Market".....LMAO!
+1 !!
More like HAL 9000 HFATrader --- which gets fed by the banks who in turn are fed by the Fed's QE. No mystery as to why the market is down 8% since the end of QEII
"Relief Rally?" Really?
Well, I guess that means Biggs is batting 1000 since the 1990s (he has always been wrong in every prediction he has made over the past 21 years!). Congrats, Barton!
Flashback to the 1990s:
I used to read Barron's Magazine religiously back then; Barton Biggs was always on the "Roundtable Discussion" with Marc Faber, Felix Zulauf, and of course the totally incompetent Abbey Joseph Cohen (the so-called Chief Investment Strategist from Goldman Sachs) and a few others.
My Recollections (in Summary Form):
1. Abbey Joseph Cohen's stock picks were always wrong; throughout the 1990s, her "stock picks" were almost always losers at the end of the year.
2. Marc Faber used to remind the Round Table that Cohen's stock picks were always losers (funny guy, that Marc!). Marc's stock picking track record were pretty good, and his predictions on gold were right on target.
3. Barton Biggs: his market assessments and predictions were universally wrong back in the 1990s. Always! No, really, ALWAYS!
Fast Forward to 2011:
"The more things change, the more they stay the same!"
They aren't paid to pick the stocks. They are paid to get sellers at the lows and buyers at the highs (for the people who write their paychecks).
Sounds just like jim cramers den of roaches website "real money"
Nice to see someone bash Abbey...she's horrible..I vividly remember her on CNBC circa March 5, 2000 saying the market was a buy and was about to go much higher. It makes you wonder...who is paying her and people like her..and why are they paying her? Seriously - disinformation. Listen to her and short everything she recommends. She's trash.
A rally is possible. Would be interesting if tied with continued record highs for Gold & Silver. Tells us something about Mr. Reserve Currency.
even stopped clocks can be right. three weeks seem just about when leaks or better from Jackson’s Hole about QE3 restart equities
U.S. Stocks Near an `Important Bottom,' Biggs Says (Update2)
Meanwhile, we are close to the bottom in terms of new-home sales and construction. That's a definite plus for the economy.
Then we have a huge amount of liquidity on the sidelines, waiting to be invested. It has been increased by all the buybacks. Add stock-repurchase money to dividends, and you have a 5.5% yield on invested funds. Incredible.
U.S. stocks are the cheapest major asset in the world. The top 50 stocks in the S&P 500 are cheap. Will you get rich owning those stocks? No. Will you get richer? Yes.
Can we put Barton and his depends out to pasture NOW!
He may be right about the housing part. Zero is about as low as you can go after all.
Biggs is an idiot. Stocks were cheap when the Dow was under 7000 in 2009, and that was after a whole fucking year of bloodletting. I dont know if guys like him are just stupid, or if they are paid to sell that nonsense to keep the sheeple buying while the big boys are slowly and steadily getting out. How many weeks out of the last 52 has the insider buy to sell ratio been a blowout on the sell side ?? Good luck everyone, yours, Maverick P.S. Tyler, is there anyway you can add spell check on this new reply format ???? Thank you.
Stuttering Hank, eat your heart out!
Oversold? The market is 18 months worth of overbought.
The second half of the day snap back was lousy. The quote stuffing was back and forth, from buyer to seller, minute by minute. There was no confidence there...but rather a vague idea to grasp the Geritol ring and try to get one up. The same signals were occurring right before the market plunged this morning.
Over at the BlowHorn, the Nanosecond crew is pitching the usual BTFD stuff. "When I look at earnings, it's all about the internationals." Joe Teranova. Ummmm....CAT...WLT...CLF....IR...X...AKS...and on and on...perhaps, someone should send Joe some Ginko Biloba? Apparently, each time Joe comes on the air, its a brand new lap around the fish bowel.
I just wanted to apologize to you for being an ass to you when you first started posting.
My bad.
Yes sir, "stocks near an important bottom". That is the bottom where the trap door opens and they start there much awaited journey into the abyss. Yup, the "first bottom" is in. There should be a rule about those who are residing in "assisted living" quarters not to be allowed to predict on TV without their caregiver present.
Give me a break.
Many hedge fund traders will be chugging cans of Monster Energy looking intensely at the Nasdaq 100 Heatmap first thing in the morning to determine which hookers to dryhump tomorrow. FFIV and SNDK were bought today by these Aspergers Syndrome 25-yr. olds. Next up will be more "beat by a penny" numbers from retailers who already sandbagged their guideance, and more merger and acquisition rumors in the energy space.
well, he seems like he's right...for about 2 weeks at a time short term and wrong long term. So buy tommorrow, sell in 2 weeks and go short to position for impending disaster.
sounds reasonable to me.
OK - I'll play... here's "Maestro" Magoo, from back in the days when he trierd to earn an honest crust by being an economic consultant (for the record: Townsend, Greenspan went bust after it lost its last client... thereby consigning 'Randian' Greensplatt to life suckling on the public teat).
I can't work out how to inserts an actual image, but here is the link to Maestro picking a bottom, then a top, to within DAYS... but with calls in EXACTLY the wrong direction.
http://www.marketmentat.com/images/GreenspanIdiot.png
Which forms part of http://www.marketmentat.com/markets/oz/magoorant-that-chart/
He's really hoping for that QE3 to come through!
One can look at Biggs' hedge fund performance over the last 8 years and compare his annualized return to the MSCI World total return. That'd be a pretty good comparison.
Time to get gramps back on the Razadyne
Sad that people actually pony up 2 and 20 to this kind of... talent. With this year's run, perhaps just 2.
Barton Biggs is only a salesman and cannot be relied upon for investment advice. I was mildly surprised by the DOW turnaround today but the PPT must have decided enough is enough. Still, have to keep the powder dry for end of the week. Europe's slow collapse is helping keep that 10 year low, so don't be fooled into thinking it's all about our side of the Pond. Keep your eye on the DAX and the bank stocks over there. Drip, drip, drip. . . . .
Saw the Barton Biggs "interview". Why do people make such a fuss over this know-nothing blowhard?
Guys you may not like the message but show some modicum of class and stop with the elder-jokes. What did Mr Biggs ever do to any of you personally?
Rodent, none of these assholes will be caring for aging parents....let Dad rot while you keep banging your fist on the table about PMs and another flash crash...."its coming any day now, I tell ya"
God.
Guys you may not like the message but show some modicum of class and stop with the elder-jokes. What did Mr Biggs ever do to any of you personally?
Rodent, none of these assholes will be caring for aging parents....let Dad rot while you keep banging your fist on the table about PMs and another flash crash...."its coming any day now, I tell ya"
God.
It was embarrassing. The guy was stuttering and drulling. He did not jnow where he was but those asses at CNBC had to have a bull on...WHAT ARE YOU BUYING????? Next comes Lazlo Byryni and then Bob Doll....
No wonder Bill Fleckenstein and Fred Hickey are never asked to be on...and I am told they refuse to be on..MSNBC et al suck
I heard Biggs making his rounds on Bberg too and I couldn't help but laugh.
Just look at the hypocrisy in his comment alone that it is Bernanke propping up the market but Mr. Market is a good forecaster. So Bernanke is a good forecaster is Mr. Market? I think not.
That old shill is freaking hilarious in his dementia.
Biggs is one of the BIGG-EST JACKASSES OF ALL TIME, one of top 5 pimps in history.
I will admit to not knowing the man in the faintest nor even watching the video. Just feel that taking the high road is always the best approach.
Methinks he's focussed too much on his CCI and not enough on his MA's and Bollinger Bands. I'll believe the downmove's finished once RUT has reclaimed the 50DMA.
No shortage of idiots out there.
"Relief Rally" sponsored by Metamucil. Maybe he was speaking autobiographically. Did anyone read his "War, Wealth and Wisdom" book? I too remember those Barron's roundtables from the 1990s...at least the issues made good kindling for the fireplace...
George Carlin's words ring truer today, "They don't give a fu@k about you."
http://lonerangersilver.wordpress.com/2011/08/02/george-carlin-they-dont...
he is as wrong as lavorgnia and is even richer...depressing
these are great. I would love to see for more famous forecasters. big ben's track record would be great to see. zandi's....etc..
4 out of 5 correct BB calls on the ZH chart not so bad
7 biilion NYSE shares today suggest BB may be right again
Time will tell
Wholesale Scissors
Wholesale Wallet
Wholesale Vuvuzela
Wholesale Directory
Lunch Box
Discount Wholesaler
Industrial Supplies
Pen Holder
Wholesale Scarf
Garden Decorations
Wholesale Tellurion
Wholesale Umbrella
Wholesale Tie
Wholesale Umbrella
Wholesale TelePhone
Promotional Products
Personal Safety Products
Wholesale Camera
Wholesale Album
Vocal Concert Products
Wholesale Shoe
Wholesale Cap
Voice Recorder
Business Gift
Patient Care Products
Money Bank
Sport Support Products
Wine Set
Promotional Products
Wholesale Badge
Wholesale Camera
Arts Crafts
Electroluminescent
Wholesale Bedding
Silicone Bakeware
Personal Safety Products
Wholesale Pom Poms
Wholesale Ashtray
Wholesale Watch
Photo Frame
Garden Decorations
Gift Box
Wholesale Cup
Electrical Gifts
Wholesale Bracelet
Home Appliances
Photo Frame
Wholesale Halloween Gift
Wholesale Swimming Products
Wholesale Clap Hands
Flash Gift
Sport Items
Lady Beauty Care
Wholesale Ashtray
Wholesale Socks
Wholesale Golf Products
Name Card Holder
Sport Support Products
Wholesale Helmet
Wholesale Speakers
Stuffed Animals
Heating Products
Digital Photo Frame
Digital Photo Frame
Tangle Puzzle
Beauty Equipment
Wholesale Vuvuzela
Wholesale Mug
Wine Set
Wholesale Clothing
Electroluminescent
Advertising Material
Promotional Items
Safety Products
Wholesale Apron
Wholesale T-Shirts
Wholesale Carabiner
Wholesale Calendar
Wholesale Stapler
Wholesale Calculator
Medicine Instrument
Lunch Box
China Wholesaler
Water Bottle
Flash Gift
Writing Instrument
Arts Crafts
Automotive Products
China Suppliers
Wholesale Cap