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Watch Barton Biggs Predict The Rosy Future: The Sequel

Tyler Durden's picture




 

For those who didn't get their share of laughs listening to Barton Biggs yesterday on CNBC, and his prediction of a 7-9% rally in three weeks (make that 9-11% as of today), here is your repeat chance to do just that as he has a 3:00 pm appearance on Bloomberg TV today. Incidentally, Barton will be absolutely correct if next Tuesday the Fed announces that QE3 is starting. Of course gold will be at $2000 to celebrate the Fed pushing its balance sheet over $4 trillion. Otherwise, the outlook is not so rosy...

Live feed after the jump

 

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Thu, 08/04/2011 - 15:11 | 1524392 wang (not verified)
wang's picture

ya so Barton can be  a bit of a knob, but effing Rosie was shouting suckers rally at S&P 700, what's good for the goose...

 

and then Rosie back 3 months ago on April 27 (S&P 1355) had this to say

“On a very near-term basis, and despite my long-standing macro concern list, which has not gone away, it does look like the market is set to rise further.  The technicals are suggesting as much, though I do await what Walter Murphy may have to say on the matter.  I had said before that a breakout to new highs led by higher volume would be an important technical signpost.  Well, we achieved that Holy Grail yesterday – both in level terms and with respect to the change.  This is not throwing in the towel, it is an acknowledgment of what the market internals are flashing at the current time from a purely tactical and technical standpoint….

Thu, 08/04/2011 - 15:20 | 1524444 d00daa
d00daa's picture

so both suck ass?  that's your point??

i'm sorry rosie ruined your wife or whatever but get the fuck over it already.  the act is tired, everyone knows he sucks as a market timer.

Thu, 08/04/2011 - 15:24 | 1524466 wang (not verified)
wang's picture

kind of my point, glad you figured it out

Thu, 08/04/2011 - 15:26 | 1524475 d00daa
d00daa's picture

yeah, only everyone and their fucking mother knows that.  thanks for the insight.  in other news water is wet and you have a very, very loose pussy.  who knew?

Thu, 08/04/2011 - 17:51 | 1524517 wang (not verified)
wang's picture

your sharp wit betrays you doop and I had figured you for some overweight 30 something living in his parents basement

Thu, 08/04/2011 - 15:27 | 1524485 skohiu
skohiu's picture

Rosie was also bullish on gold and bonds......so 2 out of 3 isn't bad.   Plus, we all know equity money is the stupidest money.

Thu, 08/04/2011 - 15:54 | 1524561 4shzl
4shzl's picture

What about the sneering monkey in the bowtie who is "short Treasuries as we speak?'  BWAHAHAHAHAHA!

Thu, 08/04/2011 - 15:08 | 1524403 Sudden Debt
Sudden Debt's picture

BBBbrrrr.... I FEEL COLD TYLER!!!

 

Don't you have a HEATMAP?!

 

Markets down 1.1 TRILLION DOLLAR TODAY!!! It could have been a QE3....

Thu, 08/04/2011 - 15:10 | 1524410 Deepskyy
Deepskyy's picture

Tyler can we get a volume chart for the last hour or so?  I think those algos are trying their damndest to melt this bastard back up above the 3% mark. 

Thu, 08/04/2011 - 15:10 | 1524411 Sudden Debt
Sudden Debt's picture

It's like the entire internet is slow today :)

Every site I go to: BOTTLENECK

 

Thu, 08/04/2011 - 15:11 | 1524417 Deepskyy
Deepskyy's picture

Fear and Loathing SD... Creeping up the spine of every coked up day trader like first rising waves of an acid frenzy.

 

Thu, 08/04/2011 - 15:20 | 1524448 augie
augie's picture

one bid over the line, those poor fools. 

Thu, 08/04/2011 - 15:18 | 1524440 treemagnet
treemagnet's picture

Its great for the gang at the SEC though - all lanes to porn have opened up nicely - streaming porn and a melting market,

Thu, 08/04/2011 - 15:19 | 1524441 GeneMarchbanks
GeneMarchbanks's picture

Servers are crashing all over because the confused and helpless are looking for answers. As for your 'adult' websites I can't really comment... I'd assume people are looking for relief somewhere.

Thu, 08/04/2011 - 15:14 | 1524415 THE_YAK
THE_YAK's picture

http://i54.tinypic.com/1zebh4z.jpg

 

that's my face until tomorrow 8:30am

Thu, 08/04/2011 - 15:11 | 1524419 kito
kito's picture

need....more.....cans.....of......kerosene.......

Thu, 08/04/2011 - 15:13 | 1524420 trentusa
trentusa's picture

I just wanted to stop by so later on I can say I was here at Zerohedge and that I'm proud to have participated. Tyler, my hat's off to you.

Justice & truth everywhere...

Thu, 08/04/2011 - 15:20 | 1524447 Sudden Debt
Sudden Debt's picture

SO TRUE!!

 

TYLER ! CONGRATS!! YOU NAILED IT!!

 

Thu, 08/04/2011 - 15:15 | 1524428 chump666
chump666's picture

qe3 has to be trillion + to move stocks, even then he ain't going to see a major rally, or new highs.

Thu, 08/04/2011 - 15:24 | 1524468 Sudden Debt
Sudden Debt's picture

Let's just start a QE and let the presses run untill there's no more plutonium to power them up.

 

Thu, 08/04/2011 - 15:30 | 1524492 wang (not verified)
wang's picture

it won't be a number, it will be a state of mind

qe3 will be a special  purpose vehicle that is self funded and will be used as required to bring stability to the financial markets and create an environment that will be conducive to employment

Thu, 08/04/2011 - 15:15 | 1524429 treemagnet
treemagnet's picture

still can't believe I bought some more gold this morning!  can I time it or what.

Thu, 08/04/2011 - 15:25 | 1524472 GeneMarchbanks
GeneMarchbanks's picture

Learn to BTFD. Damn rookie. Disregard the previous sentence I was murming to myself. It sorta ... escaped.

Thu, 08/04/2011 - 15:27 | 1524483 Sudden Debt
Sudden Debt's picture

IT'S YOU!!!! YOU CAUSED THE PM DROP!!!

EVIL IS AMONGST US!!

:)

Thu, 08/04/2011 - 15:16 | 1524430 weltvermesser
weltvermesser's picture

DID you hear that as well? Bloomberg just said people want assets with little to no risk, like US GOV. DEBT BILLS? and they sell risky Gold to get T-Bills.

This all can`t be true. i lost really a lot of money in mining stocks today. but 5 min. listing to Bloomberg is so funny it still makes me laugh. thank you bloomberg tv team.

ASK WHY ASSHOLE
in other news
Geithner likely to stay as T. SEC. , well ENRON CFO was smarter, left ponzi before it collapsed

Thu, 08/04/2011 - 15:28 | 1524435 firefighter302
firefighter302's picture

CNBC 3:08 pm est "Are we gonna see this "soft patch" impact the cash story which has been the best part of this recovery?" Maria Bartaromo. Recovery? Soft Patch?

CNBC covers all (one) sides of the market...  The oversold condition and the buying opportunities. The earnings beats and the "historically" low PE's.  Without a moments grasp of the "outside Wall Street" world.  Using government numbers to give you sound analysis along the way. Liesman explaining the prudence of Central management. 

I watched CNBC continue to endorse the market in 2000, too, all the way to oblivion.  Now I have hedged and diversified assets, not just equities.

Caviat Emptor, baby. 

Thu, 08/04/2011 - 15:53 | 1524554 Citxmech
Citxmech's picture

My coffee-snorting moment this morning came when Melissa Lee asked Ron Paul (I shit you not) "why would anyone want to buy gold when the US has so little control over it?" 

My wife and I just looked at each other and said in unison:  "you just answered your own question you dumb bitch!" 

Talk about epic stupidity. 

Thu, 08/04/2011 - 15:18 | 1524437 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

99er has been hitting his charts spot on for weeks now.  Amazing stuff, really.

http://99ercharts.blogspot.com/

Thu, 08/04/2011 - 15:18 | 1524439 Fur Trader
Fur Trader's picture

Watching now.... arsehole.  I hate 'oversold'.  Is AMZN oversold at 90 PE tool??  WTF.

Thu, 08/04/2011 - 15:20 | 1524443 r101958
r101958's picture

They have him right now on Bloomberg talking up the "great buying opportunities".......MSM still the consummate salespeople.

Thu, 08/04/2011 - 15:20 | 1524450 Eric Cartman
Eric Cartman's picture

Sell offs give me a hardon.

Thu, 08/04/2011 - 15:21 | 1524454 Goldenballs
Goldenballs's picture

BTFD and keep on stacking.Stack an Oz a day to keep Wall St away and look forward to a brighter tommorrow.Whats a trillion amongst friends and do not park your car under any bridges near the Wall St area.

Thu, 08/04/2011 - 15:21 | 1524455 oogs66
oogs66's picture

will lavornia or zandi cry on air tomorrow?

Thu, 08/04/2011 - 15:22 | 1524457 AR
AR's picture

We know Barton.  He really should think about (or his partners should think about) asking him to retire.  Or. at least serve as emeritus.  That was actually a very embarrassing interview for him.  Stanley retired last year at the right time.

Thu, 08/04/2011 - 20:06 | 1525077 Slap That Taco
Slap That Taco's picture

Nah, these are the kind of guys who don't "embarrass." He's probably drinking his Scotch and wondering why the hell the market didn't listen to him.

Thu, 08/04/2011 - 15:23 | 1524461 Dr. Engali
Dr. Engali's picture

<======BAC goes under.

<======BAC Survives.

Thu, 08/04/2011 - 15:24 | 1524465 BurningFuld
BurningFuld's picture

Let's see...TSX -2.96%  Gold +19.91CND today. You have chosen wisely young Jedi.

 

Thu, 08/04/2011 - 15:24 | 1524469 THE_YAK
THE_YAK's picture

Someone please put a bid on WLT...please.

Thu, 08/04/2011 - 15:30 | 1524494 whstlblwr
whstlblwr's picture

That look awful, hope you okay. Days like today not good for us. But ZH warn, if you watch main news you not prepared. Pray for us.

Thu, 08/04/2011 - 15:51 | 1524540 gangland
gangland's picture

 

 ERY, FAZ for next time...

 

Thu, 08/04/2011 - 15:52 | 1524552 gangland
gangland's picture

 

 ERY, FAZ for next time...

 

Thu, 08/04/2011 - 15:31 | 1524496 vipmoneymachine
vipmoneymachine's picture

Moral of the story.. when Biggs is bearish, buy and when Rosie turns slightly bullish, sell.

Thu, 08/04/2011 - 20:22 | 1525126 oogs66
oogs66's picture

and when janjuah calls short term one way, and long term the other way, don't pat his back 2 weeks later when he claims he called it perfectly!

Thu, 08/04/2011 - 15:31 | 1524499 DavosSherman
DavosSherman's picture

What an effing MORON

Thu, 08/04/2011 - 15:46 | 1524528 gangland
gangland's picture

 

from joe lavorgna's soul twin:

"Barclays is very bullish, market ecxeptinally rich, exceptional value" Barry Knapp, head of U.S. equity strategy at Barclays Capital  said "HFT leading indicators show improving consumer...NFP will be improving tomorrow...will show stabalization...if you sell stocks at these levels...you're betting on a US recession...40-50% chance of recession is way to high, way to high...QE2 gave a positive monetary outlook..."

http://www.bloomberg.com/video/73528562/

 

Thu, 08/04/2011 - 17:51 | 1524844 Scalaris
Scalaris's picture

Ahh, the blissful ignorance of youthful naïveté.

Thu, 08/04/2011 - 20:03 | 1525066 Slap That Taco
Slap That Taco's picture

For some reason, I find this whole thread with it's sarcastic tone one of the funniest ones I've read on ZH.

Thu, 08/04/2011 - 20:41 | 1525158 IMA5U
IMA5U's picture

barton Bigg F00k Up

Thu, 08/04/2011 - 21:08 | 1525219 ATG
ATG's picture

The chart ZH showed yesterday indicated that out of 6 calls, 5 elapsed, BB was right 80% of the time

Wish I did so well

 

 

Thu, 08/04/2011 - 22:03 | 1525357 Thievery Corporation
Thievery Corporation's picture

psyops subsidiary trots out guys like this to maximize the return

Thu, 08/04/2011 - 22:42 | 1525458 antidisestablis...
antidisestablishmentarianismishness's picture

I'm surprised we haven't yet seen a ZH article entitled, "Barton Biggs Calling For Nuclear Explosion on Long Island!"  You know, another govt plot to blow up Long Island in order to distract public from city rubbish removal snafu, or something. 

 

Thu, 08/04/2011 - 22:56 | 1525489 Grand Supercycle
Grand Supercycle's picture

S&P500 head and shoulders target is 1,176 and further downside
expected.

As mentioned for some time - S&P500 monthly has been tracking sideways this year. This extensive distribution signified a bearish big picture and that a significant downtrend would follow.

http://stockmarket618.wordpress.com

Mon, 08/08/2011 - 10:03 | 1536800 oogs66
oogs66's picture

today he cuts his position...genius...how to i get to manage half a billion?

Mon, 08/15/2011 - 03:56 | 1560792 nameman
nameman's picture

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