Barton Biggs on markets

Barton Biggs on markets Wednesday, July 30, 2008

Posted by ei-forum in Investing.
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We have already talked about Mr. Biggs when we reviewed his excellent book ‘Hedgehogging‘ which offers readers a truly fascinating account of Wall Street and the hedge fund world (read review here). Today we are posting a very interesting interview he recently gave.

He discusses how the financial distress we are witnessing is part of a classic 8-10 year cycle in global markets and that despite the fact that this is a particularly severe one, it is nothing new. Calling a bottom is impossible but Mr. Biggs feels that we are close and that is why he has moved back into the markets. He stronlgy feels that there is a big rally coming (something like 1000 points on the Dow) and he does not want to miss it.

Are things fine? Not really but they are not as bad as market pricing would suggest. There are still a lot of problems to figure out but he feels that the world is not going to end and that this is the time to place your bets.