Contrarian investor Barton Biggs, whose flagship fund returned three times the industry average last year, says the U.S. stock market is very, very oversold and is poised to take off.
“I think we’re going to have a big pop to the upside in the next couple of days,” Biggs says.
“I wouldn’t be surprised to see us go to a new recovery high, just to make everybody squirm,” he says.
“I think [stocks are] going to stabilize in this general area, and then we’re going to have a significant move to the upside,” he told Bloomberg. (more)
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