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abitare (99.42)

Jim Rogers "I am buying airlines, Franks, Yen, Ag stocks in China.Bull Market in Oil Has `Years to Go' 05Jun08

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June 05, 2008 – Comments (9) | RELATED TICKERS: DAL , OIH

Jim Rogers on Bloomberg Video on 05 June 08. An outstanding interview.

Here is the link on www.bloomberg.com

"I am short all the investment banks"

"I know they are all in trouble"

"I think they will go to $8"

"I am short Citibank and Fannie Mae" 

"the excess during the past 5-10 years have been whorendous"

"you don't see any 28 year old cotton farmers driving Maserattis"

"what is Benerake going to do? Go around in his helicopter and collect bad debts"

"the FED has $800 billion on its' balance sheet, it has used $400 billion"

0436 "24 Airlines have done bankrupt, this is a bullish sign"

"the bull market in oil has years to come"

"Hillary Clinton will be drilling for oil on the White house lawn...facts are the world is running out of known oil...the major fields are in decline"

"crazy we are burning are food in fuel"

"commodity bull market has a ways to go"

Bull Market in Oil Has `Years to Go'" 

"I am short the Investment Bank ETF" 

11:25 "[FED Chairmen] needs to go back and take Economics 101"

9 Comments – Post Your Own

#1) On June 05, 2008 at 11:19 PM, joeykid13 wrote:

Hey Abit,

 I love Jim Rogers...and I agree with everything he said...except...If Hillary tries to GO on the White House Lawn...President McCain will have her shot first...and ask questions later...LOL

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#2) On June 06, 2008 at 12:27 AM, DemonDoug (98.84) wrote:

i agree with everything except the airlines.  think jet fuel is expensive now?  Let's see what happens when all fiat currencies are devalued by another 50% in the coming years.

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#3) On June 06, 2008 at 1:25 AM, camistocks (< 20) wrote:

Jim Rogers talking comlete crap here. He should really make a show together with Jim Cramer called something like:

"Jim the Bull, vs Jim the Bear. Who is right? "

Watch it here, right after this short commercial...

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#4) On June 06, 2008 at 2:01 AM, AnomaLee (29.17) wrote:

I don't know man.... Sometimes it seems those ridiculous ties are cutting off oxygen supply, but at least he is modest. I'm not hopping on the airline as a buy and I found it interesting that he's not short any particular stocks. He's shorting financials through ETF's like SKF

He also warns about Asian financials and their writedowns. It's possible some developing Asian countries will repeat the history Japan. 

Here's the video... if you can see it

 

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#5) On June 06, 2008 at 1:53 PM, kdakota630 (33.34) wrote:

I've been a Jim Rogers fan for a while and found that my investment strategy largely mirrored his before I even knew what his was.

He's a little more into energy than I am, and I'm a little more into agriculture than he his, but we're not that much different, except that he's much smarter and very much richer than I am, neither of which is likely to change significantly in the near (or distant) future. LOL!

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#6) On June 06, 2008 at 2:21 PM, mindmuse (97.19) wrote:

"whorendous"

;-)

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#7) On June 07, 2008 at 10:12 AM, abitare (99.42) wrote:

joeykid13,

McCain definately wants to kill some people.

McCain has lost touch with reality.

 

DemonDoug,

The Airlines have been so hammered, so fast, plus there is an almost universal bearishness to them, that is a bullish signal.

camistocks,

Jim Rogers talking comlete crap here. He should really make a show together with Jim Cramer 

Blaspheme Jim Rogers on my blog? If you are buying individual stocks, it helps to know who the players are and you need to be able seperate the Wheat from the chaff. 

Jim Rogers has been bullish and right on commodities and China since 2000. That trade has worked outstandingly well.

Jim Cramer is a lawyer/journalist turned stock crier. 

Jim Rogers joined Arnhold & S. Bleichroeder, where he met George Soros. That same year, Rogers and Soros founded the Quantum Fund. During the following 10 years the fund gained 4200% while the S&P advanced about 47% (963.99/800.36).[1] It was one of the first truly international funds.

Reference: FIN 101: Spotting Gurus, Paid Liars, Fools and Cheerleaders May 10, 2008

Jim Cramer on Feb 29th of 2000, keynote speech at the 6th Annual Internet and Electronic Commerce Conference and Exposition. (http://www.kbcafe.com/articles/HTTP.Chasm.pdf)

AnomaLee,

Thank you very much for posting the video. I was hoping you would show up and post or I was going to ask you to. Can you tell me how you did it? 

kdakota630,

JR is one of the few people on TV I take seriously.  

mindmuse,

Jsut cuase I cnanot sepll deos not maen you do not udnertsnad. Rghit?  

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#8) On June 07, 2008 at 6:53 PM, FleaBagger (33.08) wrote:

The Quantum Fund returned 4200% in 10 years?!?! Wow! Even if it lost 100% the next year, it still would be way ahead.

As for the airlines, just because they've bottomed doesn't mean they're going to return money to investors. Airline stocks can stay down for decades at a time. They've done it before. You have to be a fast, gunslinger-style trader to make any kind of half-decent return buying long positions in airlines. So basically, as much as Jim Rogers has been right about everything else, I think he's wrong about airlines, unless he's talking about weeks instead of months or years.

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#9) On June 08, 2008 at 11:30 PM, camistocks (< 20) wrote:

I don't know if it's just an issue with the mac OS but the videos anomalee is posting completely destroy the page. I have trouble reading it, and also his blog.

Abitare, didn't you blaspheme JR yourself in a blog when you doubted the rise of China to an economic superpower...? ;-)

Seriously: Cramer and Rogers both went to College. So they are both not dumb.

After that Cramer was a journalist first and later earned a degree from Harvard Law school. At the age of 29 he became a stock broker at Goldman Sachs and because of his successful trading he started to manage a hedge fund himself earning a 24% annualized return until 2000. Cramer also started theStreet.com so he is also an entrepreneur.

Rogers after College joined the army and at the age of 28 he joined Soros and managed very successfully the Quantum hedge fund. I have always said I have great respect for JR, but in this interview he is very populistic and is distorting facts.

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