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Jim Rogers: Food Prices Will Skyrocket



May 14, 2009 – Comments (1)

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.”

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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.

1 Comments – Post Your Own

#1) On May 14, 2009 at 5:06 PM, DeerHunter73 (73.26) wrote:

I know there will be a pull back just like you, But his call for 666 will never happen. I said a while back the market would top at 950. didnt make it but came close. By the end of the year it will be there if not higher and holding. I see a sell off comming, down to 800 MAX then a new rally will generate. Just my 2 cents!

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