RECENT POSTS
FAST MONEY FEATURES
FAST MONEY POLLGet in the post game. Respond to our "Question of the Day" right now.
FULL SHOWSMissed an episode of Fast Money? Watch the lastest show here.
TRADE SCHOOLGrab a pencil because school is in session and the Fast Money traders are teaching class.
FAST MONEY PODCASTSDownload Fast Money onto your MP3 Player.
FAST MONEY WIDGETGrab this all-in-one application and get recaps of the show sent right to your desktop or blog.
SHOP FOR FAST MONEY MERCHANDISEGet your game on with Fast Money gear.
FAST MONEY PHOTOS!Check out our scrapbook. These "pix" are guaranteed winners.
NEWSLETTERSign up and receive a recap email every Friday after the show!
FAST MONEY MOBILE ALERTSGet advanced information about the next Fast Money.
Text Size 
 |
Investors want to know if the stock market has turned a corner. And who better to ask than legendary investor Barton Biggs!
As you might know Bigg’s is somewhat bullish on the current market. In his Newsweek column Biggs writes “green shoots are appearing not just in the shrubbery but in sickly economies.”
In fact Biggs is impressed by the economic activity all around the world. He says as of last week he spotted 40 signs that the environment was starting to improve.
Biggs watches PMI numbers closely around the world. We won't get into those numbers here because the data can make your eyes glaze over.
But in a nutshell he interprets them to mean “global manufacturing is improving – it’s gone up for three straight month after 12 consecutive losses."
And that’s not all. Biggs also says consumer demand has strengthened, new orders are up and inventories have fallen to new lows. “The classic economic recovery begins with new orders and output rising, spending stabilizing, and inventories falling.”
It seems to Biggs that all those ducks are lining up in a row.
| ||
And that bodes well for stocks.
Why, you ask?
Because “the stock market is a very perceptive forecaster of the direction of the economy.” In other words, since the market is a leading indictor – and data shows initial signs of strength in economies all around the world, the market could have turned a critical corner.
Now Biggs isn’t wearing blinders. He tells Fast Money that there are still big concerns about retail and housing. And if something blows up in either area then all bets are off.
But short of that, he’s optimistic. Well cautiously optimistic.
What’s the bottom line? According to Barton Biggs, “this could be a cyclical bull market that takes us to 1050 or 1100 on the S&P [.SPX
Loading...
()
]”—in other words the rally should hold.
- Halftime Report: Dubai - First Ripple Of Larger Crisis?
- Your First Move For Friday November 27th
- Web Extra: Private Equity, Conviction Buy?
- Pops & Drops: Abercrombie & Fitch, Nucor...
- Giving Thanks: Seymour
- Your Questions About... Alcoa & The Dollar
- Best Wishes Regis
- Gartman's Annual Rules For Trading
- Chartology: December Outlook
- Holiday Toy Trades
______________________________________________________
Got something to to say? Send us an e-mail at and your comment might be posted on the Rapid Recap. If you'd prefer to make a comment but not have it published on our website send those e-mails to .
Trader disclosure: On Apr 17th, 2009, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Seymour Owns (AAPL), (BAC), (EEM), (FCX), (GE), (RIG), (TCK); Karabell Owns (AAPL), (CSCO), (CAT), (FCX), (FXI), (FIC), (GOOG), (JPM); Najarian Owns (BX) Call Spread; Najarian Owns (INTC) Call Spread; Najarian Owns (MCD) & (MCD) Calls; Najarian Owns (PALM); Najarian Owns (RIO) Calls; Najarian owns (VAR) Call Spread; Najarian Owns (XHB) Call Spread; Najarian Owns (PCU) Calls; Terranova Owns (AMGN), (DELL), (IBM), (BP), (MS); Terranova Owns (X) & (X) Calls; Terranova Owns (DIS) Calls; Terranova Owns (COP) Calls; Terranova Owns (HES) & (HES) Calls; Terranova Owns (JPM) & (JPM) Calls; Terranova Owns (INTC) & (INTC) Calls; Terranova Owns (XOM) & (XOM) Calls; Terranova Owns (WYNN) & (WYNN) Calls
CNBC.com with wires
Data is a real-time snapshot *Data is delayed at least 15 minutes