"Stocks are pretty cheap", says Barton Biggs

Barton Biggs who I love to use as a contrarian indicators made the two following remarks during his interview on CNBC:

• We are contrarians
• "Stocks are pretty cheap [...] and there are a lot of very cheap sectors out there"

You can watch in the embedded video (feed readers, please come to the web site as embedding doesn't work). Interview starts at 5'00: