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

U.S. Treasury Moves on Reinsurance Loophole

Apr 24 2015 | 5:11pm ET

The U.S. Treasury Department has released proposed rules aimed at limiting the ability...

Lifestyle

Artivest Announces Funding Round Led by KKR & Co.

May 4 2015 | 9:56am ET

Artivest, a startup that provides individual investors with access to private equity...

Guest Contributor

Starting a ‘40 Act Fund Family? Don’t Forget Your Board

Apr 30 2015 | 7:18am ET

The convergence of the hedge fund and mutual fund worlds continues unabated, as...

 

Editor's Note