Jim Rogers: Food Prices Will Skyrocket
Renowned investor Jim Rogers says that the rally in stocks and the dollar will soon end, thanks to the Federal Reserve’s massive easing policy.
“I’m not selling short yet. But…if it keeps going like this, I’ll have to start selling short eventually. I don’t see the stock market as a great place to be in the next two to three years, maybe even the next decade.”
Jim Rogers is the second guy that I watch (along with Peter Grandich) saying basically the same thing, that the market is poised to fall soon, but also that it's not quite time to short it.
GMX seems to be generating a lot of attention with his bearish calling of the market lately. Ultimately I think it's practically a no-brainer that he's right, but I'm not ready to go along with him on his timing.
On a personal note, I'm watching for the FAZ to fall to the sub-$5 range before picking some up. My timing usually sucks, so we'll have to see what happens.