Barton Biggs was dead right this time. He has been accused of being a perma bull over the years but the timing of his most recent call was perfect. He saw the short squeeze coming but he sees the market going much higher:
“The market is very, very oversold, and I think we’re going to have a big pop to the upside some time in the next couple of days. I wouldn’t be surprised to see us go to a new recovery high, just to make everybody squirm.”
Barton Biggs, May 26
Related ETF`s: SPDR S&P 500 ETF (Public, NYSE:SPY) and ProShares UltraShort S&P500 (ETF) (Public, NYSE:SDS), iShares Russell 2000 Index (ETF) (Public, NYSE:IWM)
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