BARTON BIGGS IS BULLISH ON STOCKS, SAYS BUBBLE FORMING IN EMERGING MARKETS
30 August 2009 by Cullen Roche
1 Comment
Disclosures - Unless otherwise noted, authors have no positions in any securities mentioned and readers should never consider this to be investment advice. Always consult your financial advisor before acting on any ideas.
Comments Guideline - Readers who denigrate authors or other readers will be banned without warning. This site does not tolerate any sort of reader abuse. The goal of this site is to create an environment that is conducive to learning and better understanding of the monetary system and the investment world. We expect readers to behave maturely and responsibly. We welcome and encourage intense and intelligent discourse, but the site adheres to a strict 1 strike policy. While it is your right to speak freely, it is not your right to behave childishly. Above all else, please enjoy the site. It is intended to be used as an educational tool and we hope the intelligent and mature debate will further that purpose. We hope readers will make an effort to respect that goal. Comments with excessive linking or foul language will be moderated before posting.
Comments
Biggs compares the banks’ current situation to that of the techs after the ’00/’01 crash and dismisses the FDIC’s (growing) list of 416 problem banks. And here I thought the health of the financial system was a prerequisite to a real recovery, but apparently all the bad stuff has been “discounted” so it’s going to be OK.