 Jim Rogers appears on The Kudlow Report May 11, 2009 to discuss politics and economy in China, the outlook for commodities, President Obama’s stimulus packages, the market rally, and his forecasts on a market bust. (Interview follows excerpts and comments)
The market’s already looked ahead. We’ve had one of the strongest rallies in stock market history. Everybody’s looked ahead to December already. If you ask me things are going to be slow for a while in the stock market and the economy. Tell me what’s going to make the economy strong enough to justify all of this. Most sectors in the are not recovering.
Jim Rogers echoes the recent thoughts Marc Faber has on the financial markets, as well as Harry Dent, Jr. of HS Dent Investments, who suggests that a pull back is imminent. Ideas on how low it may go differ, with Faber having suggested a decline of 5% – 10%  in April when he believed the markets might hit 880 on the S&P, while Harry Dent is indicating that his most likely scenario in the event of a correction may take the Dow Jones to around 7400 before rocketing back to 10,000 or more by the end of the summer.
Of course we’re having a rebound [because the Fed has pumped money into the system] right now. But that cannot last. The dollar is under pressure. The bond market is going to be under pressure. You’re going to see unintended consequences from these people at the Federal Reserve.
In not so many words: If you are in the stock market – Get Out! (Or Get Short!)
It Took 22 Years to Get to This Point
Speaking to author and podcaster Dana Parish, former Centers for Disease Control and Prevention...
The United States just made a decision that could lead to World War 3. The current ruling class...
This article was originally published by Michael Snyder at The Economic Collapse Blog. This...
These warnings from Russia, are likely falling on deaf ears. Moscow has not followed through on...
Commenting Policy:
Some comments on this web site are automatically moderated through our Spam protection systems. Please be patient if your comment isn’t immediately available. We’re not trying to censor you, the system just wants to make sure you’re not a robot posting random spam.
This website thrives because of its community. While we support lively debates and understand that people get excited, frustrated or angry at times, we ask that the conversation remain civil. Racism, to include any religious affiliation, will not be tolerated on this site, including the disparagement of people in the comments section.
Comments