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2011-08-10

"Flash Crash" or worse?


Barton Biggs, a managing director with Traxis Partners, dismissed Thursday's sell-off as

"another Wall Street flash crash panic" 

and said that, despite the recent spate of weak data, he still believes the U.S. economy could show real growth over the next couple of quarters.

Not everyone is as optimistic about the global economy as Biggs is. In an interview with CNBC, Mark Faber, editor and publisher of Boom, Doom and Gloom Report, said

investors should see any market bounce as a selling opportunity.


Full text with link to flash crash, and Boom, Doom and Gloom
at http://www.cnbc.com/id/44034296/

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