Biggs: Now Isn’t Time to Be Underinvested

Barton Biggs says the odds of a double-dip recession are “pretty remote”, and says he doesn’t think now is a time to be underinvested. The hedge fund guru tells Bloomberg that he puts the odds of a double-dip somewhere around 1-in-5. He’s nervous about some economic factors, but likes the bearish sentiment in the market, and says large-cap high-quality stocks are very cheap. He also talks about some areas of the market he’s high on, including emerging markets.