black friday, page-9

Good reading Voltaire

These guru’s always like to throw in something to exite. Juicier the better. It is volatile and in my view the best to do during these time to play the speccies on hope and sentiment. Some most rewarding ones come during these times and today may be a good day for picking. Cheers


Barton Biggs Tells CNBC: Market Selloff an 'Overreaction'
Topics:Stock Market
By CNBC.com | 26 Jul 2007 | 04:08 PM ET

Traxis Partners managing partner Barton Biggs told CNBC that today's stock market selloff is not a "reason to throw stocks out the window."
Biggs who says he's "fully invested" says the market's selloff is an "overration" to problems in the housing market.

"There isn't anything the matter with the global economy", says Biggs who adds that today's stock market pullback is "one more of the periodic panics that we've had over the last five, six months.
"The popping of the junk mortgage debt bubble is really a positive development because it restores some kind of sanity to the debt markets."
Biggs says the present round of selling will be similar to the pull back the market experienced in late February and early March. "It's going to scare the heck out of everybody and it's going to look terrible and there will be same pattern like in February" with a rebound either Friday morning, or early next week and then a bull market resumption.
Bigg remains a bull saying the market is setting up for a "big cap and really a macro-cap melt up".