Barton Biggs: Stocks Are "Very, Very Oversold" And May Go Roaring Right Back To New Highs

ex-Morgan Stanley guru Barton Biggs gazes into the future and sees joy:

“I think [stocks are] going to stabilize in this general area, and then we’re going to have a significant move to the upside,” Biggs, whose flagship fund returned three times the industry average last year, said in a Bloomberg Television interview.

“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,” said Biggs. “I wouldn’t be surprised to see us go to a new recovery high, just to make everybody squirm.”...

“The European concerns are serious, and I take them seriously,” Biggs said. “I just don’t think that the worst is going to happen.”

Eric Sprott, on the other hand...

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• Bill Ackman Has Loaded Up On Citi Shares

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