You Can't Make This Stuff Up

Barton Biggs was on Bloomberg today saying he was bullish and 75% net long. He nailed the bottom on July 4 weekend by turning bearish. I have got to hand it to him. He does have cojones. I would have put my tail between my legs and avoided the media for a while after the last call.

5 comments:

Onlooker said...

Ha! No kidding. He's just bringing attention to his terrible market call by popping his head up right here. Some of these folks just have no shame.

Tsachy Mishal said...

Barton Biggs has had a tendency towards being bullish. It was a much better signal when he turned bearish. It is of less importance that he turned bullish, although it means it is probably no longer early in the game.

Anonymous said...

Biggs achieved fame and fortune as a writer of witty commentary on the stock market for clients of Morgan Stanley. For much of his career, he was not an investor or analyst so much as an extremely well-paid journalist. There's nothing wrong with that, but it is not at all the same thing as being an investor. CNBC would be better off bringing on Tsachy and Market Owl and Pragmatic Capitalist.

caveman said...

How is it that people like this still get airplay?

Anonymous said...

Hes Barton Biggs. Its a good name. If I had a name like that I would go on TV as a financial expert as well.