Traxis’ Biggs Sees Big Things For U.S. Stocks

May 12 2010 | 9:37am ET

Add the voice of Barton Biggs to the chorus of hedge fund managers who see big things for the U.S.—and world—economy.

The Traxis Partners founder pooh-poohed any suggestion that anything could blunt the market rally he predicted for this year. Not even the European debt crisis.

“I would just point out that the world is having a strong economic recovery, and so is Europe,” he told Bloomberg Television.

Biggs is especially bullish, however, about the U.S., with Morgan Stanley’s former chief strategist predicting a 15% to 20% rally in stock prices. In particular, he’s favoring technology and pharmaceutical stocks, as well as property companies.

“There are plenty of opportunities in the U.S.,” Biggs said. “It’s by no means a foregone conclusion that we have a crisis every three years and, my God, that the world is coming to an end.”

“I don’t believe that’s what’s happening at all.”

Original Airdate: May 11, 2010



In Depth

Malik: The Science of Deal Sourcing 201

Aug 27 2015 | 5:35pm ET

Deal sourcing is understandably a hot topic among private equity firms because it...

Lifestyle

Rolling Art Advisors Marketing Collectible Car Fund As Uncorrelated Alternative

Aug 27 2015 | 6:47pm ET

A new fund is trying to provide investors with greater access to an emerging asset...

Guest Contributor

FATCA for Hedge Funds: Eight Common Pitfalls

Sep 1 2015 | 10:56am ET

FATCA is now a way of life for those in the financial industry and most professionals...

 

Editor's Note