biggs says rally soon

stock_trad3r · Oct 28, 2008

I would buy GOOG

much better than CSCO

aresky · Oct 28, 2008

Brian Belski, U.S. sector strategist at Merrill Lynch Likes Technology Stocks, consumer staples, Avoids Banks, underweight materials: Video

http://www.bloomberg.com/avp/avp.htm?clipSRC=mms://media2.bloomberg.com/cache/v1v4B_sXOJYo.asf

http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aEt2gjqMB934

KINGOFSHORTS · Oct 28, 2008

Once we broke 8K for a short period of time I began taking a more bullish stance. Writing put contracts on some equities, buying others outright and writing calls on them etc..

aresky · Oct 31, 2008

Quote from aresky:

Friday 14 march 2008, Barton Biggs predicted a Big Rally and there was a big rally starting from monday 17 march 2008. About one thousand points for DJIA in two days. The rally ended on may 2, 2008.

On friday 24 October 2008 Biggs said

``One of these days, even if the world is going to hell, we will have a tremendous run-up,'' said Biggs, 75. ``There is an extreme level of pessimism and almost despair. As long as I have been in the business, those have always been good signs.''

http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aoUldsftFVAw

Oct. 24 (Bloomberg) -- U.S. and European stocks are ``very, very cheap'' after the Standard & Poor's 500 Index lost 40 percent this year, the worst annual drop since 1931, according to Barton Biggs, managing partner at hedge fund Traxis Partners LLC.

``U.S. and European markets have blown out to record levels of attractiveness versus bonds,'' Biggs said in an interview with Bloomberg Television. ``We're at very, very cheap levels.''

The S&P 500 trades for 11 times estimated profit for the next 12 months, while Europe's Dow Jones Stoxx 600 Index fetches 7.7 times earnings, according to data compiled by Bloomberg. The S&P 500's dividend yield is 3.46 percent, compared with the 10- year Treasury yield of 3.69 percent, the data show.

``One of these days, even if the world is going to hell, we will have a tremendous run-up,'' said Biggs, 75. ``There is an extreme level of pessimism and almost despair. As long as I have been in the business, those have always been good signs.''

The investor said large, ``high-quality'' U.S. companies including Cisco Systems Inc., 3M Co. and Procter & Gamble Co. are the cheapest in the world. ``And if you've really got the intestinal fortitude, these emerging markets have been absolutely crushed,'' he said.

Russian shares are ``dirt cheap'' because oil has plunged more than 50 percent in less than four months and Prime Minister Vladimir Putin ``acted like a jerk,'' Biggs said. The hedge-fund manager also said he favors India because it will be ``the next China.''

Russia's Micex index has retreated 73 percent in 2008, while India's Sensitive Index lost 57 percent. Both measures had surged sixfold since the end of 2002.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aBTL.Wro3MEQ

Itâs âpanic creating a freefall as investors simply liquidate anything and everything,â said Walter Gerasimowicz, the New York-based chief executive officer at Meditron Asset Management, which manages $1.1 billion. âThe market seems to be very overdone, almost pricing for a depression.â

http://www.bloomberg.com/apps/news?pid=newsarchive&sid=ajRLd2ZN3_2g

The stock market is ready for the year end rally
More...

S&P Has Biggest Weekly Gain Since 1974. Oct. 31 , 2008 (Bloomberg)

Schweitzer Sees Stocks in `Sloppy' Bottoming Process: Video
Oct. 31 (Bloomberg)

http://www.bloomberg.com/apps/news?pid=newsarchive&sid=a7HcIa5XXQ0Y

http://www.bloomberg.com/avp/avp.htm?clipSRC=mms://media2.bloomberg.com/cache/vjaIYM0Gtgcg.asf

stock_trad3r · Oct 31, 2008

biggs nailed it.

Log in or Sign up

biggs says rally soon

stock_trad3r

aresky

KINGOFSHORTS

aresky

stock_trad3r