Barton Biggs Expects 1,000-Point Gain in Dow Average

March 14 (Bloomberg) -- The decline in U.S. stocks is ``way overdone'' and the Dow Jones Industrial Average may rally 1,000 points, investor Barton Biggs said.

``We're in a financial panic,'' Biggs said during a telephone interview with Bloomberg Television from New York. ``We're setting up for a really big rally. I don't mean three or four hundred points on the Dow, I mean 1,000 points on the Dow. I don't know if we're going to get it next week or the week after. But this thing has gotten crazy and is overdone.''

Biggs, a former Morgan Stanley strategist who now runs the $1.5 billion hedge fund Traxis Partners LLC, said stock markets from Germany to Hong Kong may bottom out soon after tumbling this year. Biggs's prediction in March 2007 that U.S. stocks were near a low preceded a 16 percent rally in the Dow average during the next four months. His forecast that the Dow would climb as much as 19 percent in 2007 overshot its actual gain by almost 13 percentage points.

``We're at a really crucial point,'' Biggs said. ``This is a time to be buying stocks around the world and not to be selling them.''

The Dow average has tumbled 16 percent to 11,951.09 since reaching a record in October after the subprime-mortgage market's collapse caused $195 billion in asset writedowns and credit losses at global financial firms including Citigroup Inc. and Bank of America Corp. A 1,000-point gain in the Dow from today's close would amount to an 8.4 percent rise.

U.S. stocks plunged today for the third time this week, sending the Dow average down 1.6 percent, after Bear Stearns Cos. required a bailout from the Federal Reserve and JPMorgan Chase & Co. to avoid collapse.

``Yeah, it's scary. It's always scary at bottoms. But I don't believe the economy is collapsing,'' Biggs said. ``This is not the end of the world.''

給泄氣的老牛們打打氣。
我也認為很多東西受到的對待太不公正了。石油從80漲到110，石油公司(比如COP)從85跌到77？太過分了。
BARTON BIGGS還是很有權威的。

BIGGS 和 WIEN 這些老頭子幾個月不出來一次。先後在14、17日出來聲言看好股市，耐人尋味，姜還是老的辣。

個人估計石油一直沿著山坡上，美國經濟似走下坡路，房屋市場蕭條，貝爾斯登事件火上加油，或許還有更糟糕的氣泡呢？！

每逢美聯儲大幅降息，花街指數每都逢場作戲曇花一現，信自己比較好。跟著今年是大選年，恐怕大選之前股市不會有好戲上演啦~~


不過這非常時期，膽敢投機的是有利可圖啦~~

剛看到一則耐人尋味：

關於投資者對股市的期望

先做個簡單的數學題，假設你指望你本世紀的股市年收益率達到10%，而你的收益中，2%來自分紅，8%來自股價上漲，那麼你就是在假設道瓊斯指數在2100年達到24,000,000點（目前是12,000點）。如果你的財務顧問向你保證每年兩位數的股市收益率，你可以和他講講這個題目。

要當心那些油嘴滑舌的所謂專家顧問，當你被他們的誇誇其談騙得頭腦發熱，就是他們填滿自己腰包的時候。