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REPOST: Jim Rogers "Obama sees the markets collapsing because he was elected" 16 Nov 08

Recs

16

March 02, 2009 – Comments (11) | RELATED TICKERS: FXI , RGR , SWHC

Lets take a listen to Classic Friedman, because Obama and Co appear to offer the opposite.

An interesting exchange between Milton Friedman and Phil Donahue back in 1979

 

In case you Fools do not understand what is going on, I will repost some help.

Here is an outstanding chart that can help you going forward, the formation is clear:

http://www.elitetrader.com/vb/showthread.php?s=8994e7efb59379dba85dffae47adf532&threadid=128320&perpage=6&pagenumber=1 

I do not care how many lines you draw on your pretty charts, or how many triangles, trend lines, support, even if you get 40000 RECS...it is mostly vodo garbage followed by Fools and pumped by sales men. (Elliot wave and moving averages MIGHT have some use, but they are not as useful as common sense)

Put away your Graham books, Buffett quotes and momentum trading advisors etc....In case you missed it, Buffett is in trouble and Graham lost 70% of his money during the Great Depression.

It is simple: people do not trust Obama, the FED, SEC and the markets.  Nor should they given all the information unloaded in the last year.  Obama and Co, likely only care about re-election, people will likely forget what is happening now. So Obama and Co are "swinging for the fenses", a 1 trillion++ "bail out" to their supporters.

See if JR can explain it:

Jim Rogers "Obama sees the markets collapsing because he was elected" 16 Nov 08

Jim Rogers Part 2

Talks about Ron Paul

"Obama sees the markets collapsing because he was elected"

"I covered a lot of my shorts in October...it looks like a selling climax...but it is not over...we have not seen the bottom, yet"

"this is a period of forced liquidations...buy things that have been unimpared"

"the bull market case for commodities is still intact" 

Jim Rogers Part 3 

"I have never sold a Chinesse shares...I have started buying Chinesse shares [again]"

"Chinesse have lowered rates"

"if you are in water treatment, infustructure, fertilizer...those are the one I have been buying"  

Jim Rogers Part 4

"for 15 years Greenspan would not let his friends fail"

the Depression in the 30s was due to governments intervention

"Japanesse stock market is where it was 18 years ago"

"sure prices are down, this is due to forced liquidation"

"don't sell your gold, don't sell your sugar etc..."

"hold unto your real assets, that is the only place you are going to make real money in coming years" 

11 Comments – Post Your Own

#1) On March 02, 2009 at 5:08 PM, SideShowMel0329 (48.27) wrote:

Put away our Graham books and listen to Jim Rogers.

Great plan boss! Words cannot describe how idiotic you are.

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#2) On March 02, 2009 at 5:37 PM, kdakota630 (29.53) wrote:

I've seen the Jim Rogers ones before, and they are great, but that Milton Friedman clip is a thing of beauty!

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#3) On March 02, 2009 at 5:59 PM, abitare (34.65) wrote:

ALCON, 

lol, I love it when some _________ (<20) calls me out. He gets it, but I don't! LOL

SideShowMel0329,

You are awesome, I was laughing so hard my girlfriend came over. Now she is laughing, too. Thank you.

It is tough to argue with a Fool with 300 stock picks and a Ranked: NA! Or how do you average -2 per pick?

How is it possible to be that bad? And you write blog posts about what? Who would read it?

65k Fools and you can't climb in there?

Great plan boss! 

Are you calling me boss, because I have the most points here in Fooldom? Today: 13,807.09 (+281.36)

Words cannot describe how idiotic you are.

Well, I am a little off, but

abitarePERFECT is:

Rank: 12 out of 65520 

Score: 8,662.18 (+231.49)

Accuracy: 81.07%

Average Pick Score: +20.77 (I think only SPECBEAR has a better average) 

I like Rogers, but I got out of Commodities in May 08 (Ref My Post: The Upcoming Top Fool Will Be a Commodity BEAR on 20 May 27, 2008) . I never bought into the BRIC story (BRIC lie). Buffett is going down hard like Graham.

Side,

Thank you again, for the laugh. I will stay the idiot and you can be the "stock genius" with a Ranking of NA out of 65k.

I think I speak for all investors, when I say, I hope you have a billion to "invest".   

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#4) On March 02, 2009 at 7:53 PM, Lenokis (22.60) wrote:

I do not care how many lines you draw on your pretty charts, or how many triangles, trend lines, support, even if you get 40000 RECS...it is mostly vodo garbage followed by Fools and pumped by sales men. (Elliot wave and moving averages MIGHT have some use, but they are not as useful as common sense)

ITs about time someone commented on the lunacy of the above.

 

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#5) On March 02, 2009 at 8:21 PM, SideShowMel0329 (48.27) wrote:

Once the economy rebounds I'll be on top and you miss the boat, guaranteed. Go ahead and shack up with a shotgun with lunatic Mr. Jim Rogers. You, him, and Ron Paul can cry about government and fiat currency while the rest of us make money.

A perma-bear is right when recessions come along, then they fade into oblivion when the market recovers.

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#6) On March 02, 2009 at 9:06 PM, usmilitiadude (31.31) wrote:

He should have put Phil over his knee and spanked him. Its what he did to him verbally. Go get the switch boy, I'm gunna whup ya!

 I wonder if the press asks, will this current stimulus fix the problem. Will it take five or six. I've lost count. Which one are we on?

B.O. - Woh now, I'm used to softballs

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#7) On March 02, 2009 at 10:19 PM, abitare (34.65) wrote:

Side (< 20),

Normally, a guy with your horrorific track record, knows not to lecture or talk smack to a guy with mine. But indulge me this, you are an only child in a single parent home? Just a kid right?

FYI - I get WSJ, Barrons, FT, 3 news letters and read about 10 blogs everyday. I am not short of GOOD information.

U R making money and I am not, sure.

usmilitiadude

But Phil is no slouch, watch him take on Bill OReilly here:

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#8) On March 02, 2009 at 10:35 PM, SharpSEO (70.75) wrote:

That Phil Donahue clip is fantastic, I officially hate O'Reilly more than ever. If there is a more self-righteous dumbass out there (excluding politicians), I have yet to see him.

What about that ridiculous intentional-flooding of New Orleans story at the end? WTF? He is a joke among journalists, worse than Larry King's 2-year coverage of Anna Nicole Smith's death.

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#9) On March 02, 2009 at 10:48 PM, abitare (34.65) wrote:

SharpSEO,

No doubt Phil does a great job handling OReilly 

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#10) On March 02, 2009 at 11:35 PM, LRtex (< 20) wrote:

The only dumb ass I see is Phil Donahue. What a joke.

He is in the same category as Barny (Duffy Duck) Frank & Goofy Pelosi.

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#11) On March 03, 2009 at 10:21 PM, Xucolat (56.12) wrote:

Abitare,

Thanks for the great article & videos. I'm just curious on JR. Part 4:

"Real Assets" refers to what? Stocks or Properties

 Thanks. 

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