Barton Biggs has been bullish for a while, and now he's boosting his bullish bet to 90% net...
Barton Biggs has been bullish for a while, and now he's boosting his bullish bet to 90% net long. “There's an awful lot of money that is out of stocks and in very low- yielding fixed-income instruments," Biggs tells Bloomberg. "I think the odds are that money is going to migrate back." Only the Middle East gives him pause: An Israel-Iran war would be "very, very serious" for the economy and cause a double dip.
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