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Jim Rogers is Not Shorting This Market

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July 29, 2009 – Comments (3)

Jim Rogers, the commodities guru, now says for one of a few times in his life he does not hold any large short positions.

In a Bloomberg TV interview, Rogers said he fails to see that there is anything “in great excess.”

Nor is Rogers a fan of shorting Treasury bonds because he believes that the Federal Reserve can steer the market for them currently.

Full article and video

3 Comments – Post Your Own

#1) On July 29, 2009 at 5:19 PM, DownEscalator (< 20) wrote:

The main reason he's not shorting anything is because he's said previously the DOW may go to 50k with all the money the US has been flooding in.

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#2) On July 29, 2009 at 7:37 PM, Harold71 (21.80) wrote:

Rogers also admits to being the world's worst market timer.  

 

Agriculture has collapsed, again, and Rogers has been bullish on that for, oh, forever.  There is a massive supply of grain hitting the market, the crops are as good as they could be, and not ONE field around here went unseeded due to "farmers not getting loans for fertilizer."  I like Rogers, but sometimes I think he tries to convince himself that he actually knows what is going on in farm country. He doesn't have the first clue, IMO.

 

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#3) On July 30, 2009 at 11:36 AM, SideShowMel0329 (47.71) wrote:

Who cares what Rogers thinks? The guy had his 15 minutes of fame, but not that everyone is realizing he's wrong about almost everything, he's back to obscurity.

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