Uh oh! Barton Biggs Has Turned Bullish Again!

Why am I wasting my time with other sentiment indicators when we have a perfect contrary indicator like Barton Biggs?

“This is not a time where you want to be underinvested,” Biggs said on Bloomberg Television yesterday. “The  odds of a significant slowdown are one in five, pretty remote.”

If I'm not mistaken, this is the fourth time he has changed his mind this year, and he was wrong the other three times! He was also wrong when he called a market bottom in May 2008!