Biggs Sees Market Weakness, But No Double Dip

Hedge fund guru Barton Biggs is expecting a few weeks’ worth of weakness for the stock market, thanks to lingering trouble in Europe and a slowing economy in the U.S. “I don’t think that this correction we’re in is quite over yet,” Biggs recently said on Bloomberg Radio’s “The Hays Advantage” with Kathleen Hays. “I just don’t think it’s gone far enough. Europe is still a shipwreck, and the U.S. economy has drifted into this soft patch.” Biggs says he’s taken short positions on the German and French stock markets, but says he doesn’t think the U.S. will have a […]

Biggs Sees Pullback, Then Continued Market Gains

Hedge fund guru Barton Biggs says he’s cut back on his stock holdings, largely thanks to concerns about Europe — particularly Spain. Biggs also tells Bloomberg that the Federal Reserve’s seeming reluctance to perform further quantitative easing also has him less bullish. But Biggs says that while he’s looking for a 5% to 7% pullback in the short term, he sees stocks moving higher in the next few months with some good longer-term bullish factors in place.

Biggs Getting More Bullish

Hedge fund guru Barton Biggs has been increasing his exposure to stocks, saying that their relative attractiveness compared to bonds and fixed-income investments will drive investors toward them. “I’ve been gradually increasing and I’m up to 90 percent [long on stocks] now,” Biggs said on Bloomberg Surveillance with Tom Keene. “There is an awful lot of money that is out of stocks and in very low- yielding fixed-income instruments. I think the odds are that money is going to migrate back.” Biggs says one risk to the markets involves the tensions in the Middle East. If Israel were to “take […]

Biggs Bullish, But Cautious

Hedge fund guru Barton Biggs says he’s bullish on stocks, “assuming that the world holds together”. Biggs says he’s still very nervous about the lack of progress regarding Europe’s debt crisis, and says the demise of the Euro would cause an economic “Apocalypse”. He adds that he’s “running a moderate net long of about 65%” with his portfolio. [youtube=http://www.youtube.com/watch?v=nYOojx9JNak]

Biggs Turns Bearish, Citing “Pathetic” Supercommittee Effort

Hedge fund guru Barton Biggs has turned bearish, saying he thinks the odds of a recession in the first half of 2012 have increased to about 60%-70%, and that the “current spurt in the U.S. economy … is going to fade as we get into next year.” Biggs tells Bloomberg that the apparent failure of the U.S. deficit-reduction supercommittee and the continuing trouble in Europe are behind his change in tune. He thinks we’ll see the stock market decline “at least back to the lows of last summer, and God forbid maybe even a testing of the lows of 2008-2009,” […]