Barton Biggs Can’t Get Bearish Here

• Tweet
• Pin It

Long-time market guru Barton Biggs attributed the drop on Thursday to a “flash crash panic.”  Biggs doesn’t see economic collapse on the horizon and feels the selling is unjustified.

Biggs also blamed the decline on tight stop loss orders and high frequency trading.  He sees the possibility of a 5-7 percent rally in the short term.  He said long term investors should be buying now.

SMA Comment: The futures market doesn’t seem to agree with Dow futures down 238 points at this hour (7 p.m. EST).

• Tweet
• Pin It

Related Posts

• Hedge Funds are Increasing Equity Exposure
  Hedge Funds are Increasing Equity Exposure
• Retail Investors are Still Afraid of Stocks
  Retail Investors are Still Afraid of Stocks
• Debate: Is the U. S. Wealthy or Poor?
  Debate: Is the U. S. Wealthy or Poor?
• Hedge Funds Attempt to Justify Existense
  Hedge Funds Attempt to Justify Existense