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With The S&P Down For The Year, Here Is A Chart Of Barton Biggs 6 Bull Market Calls In 2011

Tyler Durden's picture




 

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.

 

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Wed, 08/03/2011 - 16:54 | 1521973 Cognitive Dissonance
Cognitive Dissonance's picture

Relief rally? Yes. Significant? Possibly.

Bull market? No.

Wed, 08/03/2011 - 16:57 | 1521982 fuu
fuu's picture

<-- Dead cat bouncing

<-- Economic utopia beginning

Wed, 08/03/2011 - 17:01 | 1521996 sqz
sqz's picture

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.

Wed, 08/03/2011 - 20:53 | 1522498 vast-dom
vast-dom's picture

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.

Wed, 08/03/2011 - 21:11 | 1522526 eureka
eureka's picture

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?

Wed, 08/03/2011 - 17:40 | 1522104 Sudden Debt
Sudden Debt's picture

 

 

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!...

Wed, 08/03/2011 - 17:46 | 1522131 Rodent Freikorps
Rodent Freikorps's picture

Bribe the driver to hit the brakes?

Wed, 08/03/2011 - 17:50 | 1522134 Sudden Debt
Sudden Debt's picture

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.

 

Wed, 08/03/2011 - 18:06 | 1522167 Rodent Freikorps
Rodent Freikorps's picture

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.

Wed, 08/03/2011 - 17:54 | 1522144 prophet
prophet's picture

Shred it!  That way it won't achieve terminal velocity.

Wed, 08/03/2011 - 20:05 | 1522417 Taint Boil
Taint Boil's picture

 

 

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.

 

Wed, 08/03/2011 - 21:30 | 1522599 fuu
fuu's picture

How high is the cliff?

Wed, 08/03/2011 - 19:49 | 1522374 DeadFred
DeadFred's picture

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.

Sat, 08/06/2011 - 06:38 | 1529967 prophet
prophet's picture

lock and reload

Wed, 08/03/2011 - 20:04 | 1522408 RollinRavenPurple
RollinRavenPurple's picture

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.

Wed, 08/03/2011 - 22:59 | 1522781 Freddie
Freddie's picture

Barton Biggs must be hittin the crack.  Rally.  What a joke.  Debt to GNP just went over 100%.

Wed, 08/03/2011 - 23:30 | 1522848 mason5566
mason5566's picture

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Thu, 08/04/2011 - 06:04 | 1523110 Cult of Criminality
Cult of Criminality's picture

I get it .

Your long motorcycle fairings

Wed, 08/03/2011 - 16:58 | 1521978 Earl of Chiswick
Earl of Chiswick's picture

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.

Wed, 08/03/2011 - 17:06 | 1522023 Tyler Durden
Tyler Durden's picture

Absolutely, if it is also annotated with his bond and gold calls...

Wed, 08/03/2011 - 17:17 | 1522050 random shots
random shots's picture

....and the peformance of his equities, bond, and gold calls.

Wed, 08/03/2011 - 17:54 | 1522140 Gubbmint Cheese
Gubbmint Cheese's picture

double post..

Wed, 08/03/2011 - 17:53 | 1522141 Gubbmint Cheese
Gubbmint Cheese's picture

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.

 

Wed, 08/03/2011 - 23:31 | 1522851 naked put
naked put's picture

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.  

Wed, 08/03/2011 - 17:14 | 1522042 Zero Govt
Zero Govt's picture

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

Wed, 08/03/2011 - 17:35 | 1522098 rocker
rocker's picture

Prechter has called for super crash three years in a row.  He has struck out. His call: Dow 1,000 or less. LOL 

Wed, 08/03/2011 - 20:15 | 1522437 WonderDawg
WonderDawg's picture

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.

Wed, 08/03/2011 - 23:01 | 1522742 Zero Govt
Zero Govt's picture

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

Wed, 08/03/2011 - 23:04 | 1522790 rocker
rocker's picture

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.

Wed, 08/03/2011 - 23:40 | 1522887 naked put
naked put's picture

You can walk on water if you pay Wilder for the never published turning points which that cock sucker did.

Wed, 08/03/2011 - 16:57 | 1521979 Dr. Engali
Dr. Engali's picture

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"

Wed, 08/03/2011 - 17:21 | 1522057 brew
brew's picture

or the overused word "unexpectadly" with every miss...

Wed, 08/03/2011 - 17:25 | 1522070 Rodent Freikorps
Rodent Freikorps's picture

Pension funds are planning on 8%.

What could go wrong?

Wed, 08/03/2011 - 16:58 | 1521985 razorthin
razorthin's picture

Wicked reversing candle a la PPT suggests a tradable rally.  Investable? No.

Wed, 08/03/2011 - 17:11 | 1521987 hedgeless_horseman
hedgeless_horseman's picture

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)?

Wed, 08/03/2011 - 17:26 | 1522075 Rodent Freikorps
Rodent Freikorps's picture

Was she wearing a short skirt?

Wed, 08/03/2011 - 17:01 | 1521994 Bay of Pigs
Bay of Pigs's picture

Barton doin some fartin...

Better get the Extra Large Depends out for him.

Wed, 08/03/2011 - 17:21 | 1522058 Pool Shark
Pool Shark's picture

BoP: You reminded me of this one:

 

Q: What does Barton's apartment smell like?

A: Depends...

Wed, 08/03/2011 - 17:31 | 1522083 Rodent Freikorps
Rodent Freikorps's picture

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.

Wed, 08/03/2011 - 17:43 | 1522119 slaughterer
slaughterer's picture

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?

Wed, 08/03/2011 - 17:01 | 1521998 Gold Man-Sacks
Gold Man-Sacks's picture

CNBC's video player sucks.  It only plays like half the time.  Why can't they just use YouTube? 

Wed, 08/03/2011 - 17:01 | 1521999 Sudden Debt
Sudden Debt's picture

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.

 

Wed, 08/03/2011 - 17:02 | 1522007 Flore
Flore's picture

lunatics still running the asylum

Wed, 08/03/2011 - 17:03 | 1522009 Zero Govt
Zero Govt's picture

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!

Wed, 08/03/2011 - 17:04 | 1522011 buzzsaw99
buzzsaw99's picture

His timing is suspect. The revisiting of 2011 highs will coincide (probably to the day) with whenever the wall street bonus cutoff date is.

Wed, 08/03/2011 - 17:03 | 1522012 LoneStarHog
LoneStarHog's picture

This CLOWN continually gets airtime, but Bill Murphy (GATA) who has gotten it RIGHT (gold/silver) for a DECADE is BANNED from CNBS.

Wed, 08/03/2011 - 17:33 | 1522095 Rodent Freikorps
Rodent Freikorps's picture

And what does that tell you?

Wed, 08/03/2011 - 17:05 | 1522019 Doubleguns
Doubleguns's picture

Short covering rally today and PPT vapors have screwed many on hump day. Could biggs be suffering dementia at the assisted living facitlity.

Wed, 08/03/2011 - 17:08 | 1522026 MrBoompi
MrBoompi's picture

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.

 

 

Wed, 08/03/2011 - 18:08 | 1522172 vamoose1
vamoose1's picture

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

Wed, 08/03/2011 - 17:09 | 1522033 israhole
israhole's picture

"Mr. Market".....LMAO!

Wed, 08/03/2011 - 17:13 | 1522040 DavosSherman
DavosSherman's picture

"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

Wed, 08/03/2011 - 17:15 | 1522045 obewon
obewon's picture

"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!"

Wed, 08/03/2011 - 17:34 | 1522096 vote_libertaria...
vote_libertarian_party's picture

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).

Thu, 08/04/2011 - 00:37 | 1522970 SAME AS IT EVER WAS
SAME AS IT EVER WAS's picture

Sounds just like jim cramers den of roaches website "real money"

Thu, 08/04/2011 - 02:04 | 1523029 hamstercheese
hamstercheese's picture

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.

Wed, 08/03/2011 - 17:18 | 1522051 Silverhog
Silverhog's picture

A rally is possible. Would be interesting if tied with continued record highs for Gold & Silver. Tells us something about Mr. Reserve Currency.

Wed, 08/03/2011 - 17:25 | 1522073 citta vritti
citta vritti's picture

even stopped clocks can be right. three weeks seem just about when leaks or better from Jackson’s Hole about QE3 restart equities

Wed, 08/03/2011 - 17:32 | 1522089 lizzy36
lizzy36's picture

U.S. Stocks Near an `Important Bottom,' Biggs Says (Update2)

Barton Biggs, co-founder of hedge fund Traxis Partners LLC, said he's ``gradually increasing'' his holdings of U.S. equities because he doesn't expect a recession and shares are ``very, very cheap.''
 
As we all know when Mr. Biggs said this the US was IN RECESSION.
 
And from the WSJ May 31, 2008:
 
Now, Mr. Biggs, 75 years old, believes the worst is over for the economy and for the stock market.
 

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!

Wed, 08/03/2011 - 19:54 | 1522389 DeadFred
DeadFred's picture

He may be right about the housing part. Zero is about as low as you can go after all.

Wed, 08/03/2011 - 20:55 | 1522507 SamuelMaverick
SamuelMaverick's picture

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.

Wed, 08/03/2011 - 17:32 | 1522091 bania
bania's picture

Stuttering Hank, eat your heart out!

Wed, 08/03/2011 - 17:36 | 1522099 Cdad
Cdad's picture

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.

 

Wed, 08/03/2011 - 21:37 | 1522614 fuu
fuu's picture

I just wanted to apologize to you for being an ass to you when you first started posting.

 

My bad.

Wed, 08/03/2011 - 17:44 | 1522121 monopoly
monopoly's picture

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.

Wed, 08/03/2011 - 17:49 | 1522136 RobotTrader
RobotTrader's picture

 

 

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.

Wed, 08/03/2011 - 17:53 | 1522142 drivenZ
drivenZ's picture

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. 

Wed, 08/03/2011 - 17:54 | 1522146 GeoffreyT
GeoffreyT's picture

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/

Wed, 08/03/2011 - 18:04 | 1522162 Missiondweller
Missiondweller's picture

He's really hoping for that QE3 to come through!

Wed, 08/03/2011 - 18:05 | 1522164 FoieGras
FoieGras's picture

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.

Wed, 08/03/2011 - 18:06 | 1522169 stickyfingers
stickyfingers's picture

Time to get gramps back on the Razadyne

Wed, 08/03/2011 - 18:15 | 1522189 AccreditedEYE
AccreditedEYE's picture

Sad that people actually pony up 2 and 20 to this kind of... talent. With this year's run, perhaps just 2.

Wed, 08/03/2011 - 18:21 | 1522204 Ned Zeppelin
Ned Zeppelin's picture

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. . . . .

Wed, 08/03/2011 - 18:57 | 1522256 Coldfire
Coldfire's picture

Saw the Barton Biggs "interview". Why do people make such a fuss over this know-nothing blowhard?

Wed, 08/03/2011 - 19:08 | 1522266 Chip
Chip's picture

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.

Wed, 08/03/2011 - 19:09 | 1522269 Chip
Chip's picture

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.

Wed, 08/03/2011 - 19:34 | 1522344 innsbrooklad
innsbrooklad's picture

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

Wed, 08/03/2011 - 19:59 | 1522392 Temporalist
Temporalist's picture

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. 

Wed, 08/03/2011 - 21:07 | 1522525 banksterhater
banksterhater's picture

Biggs is one of the BIGG-EST JACKASSES OF ALL TIME, one of top 5 pimps in history.

Wed, 08/03/2011 - 21:12 | 1522542 Chip
Chip's picture

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. 

Wed, 08/03/2011 - 21:48 | 1522635 ThreeTrees
ThreeTrees's picture

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.  

Wed, 08/03/2011 - 21:58 | 1522654 MFL8240
MFL8240's picture

No shortage of idiots out there.

Wed, 08/03/2011 - 23:16 | 1522820 The Spin Doctor
The Spin Doctor's picture

"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...

Thu, 08/04/2011 - 00:42 | 1522979 Jovil
Jovil's picture

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...

Thu, 08/04/2011 - 07:42 | 1523183 oogs66
oogs66's picture

he is as wrong as lavorgnia and is even richer...depressing

Thu, 08/04/2011 - 07:43 | 1523188 oogs66
oogs66's picture

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..

Thu, 08/04/2011 - 21:02 | 1525203 ATG
ATG's picture

4 out of 5 correct BB calls on the ZH chart not so bad

Thu, 08/04/2011 - 21:01 | 1525208 ATG
ATG's picture

7 biilion NYSE shares today suggest BB may be right again

Time will tell

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