Jim Rogers: Markets Have ‘A Lot Further to Fall’
By Barry Ritholtz - November 3rd, 2008, 11:30PM
Jim Rogers, chairman of Rogers Holdings, talks about the U.S. government’s rescue of troubled banks, the outlook for U.S. stocks and investment strategy. NewEdge-Cube Division’s Mark Hawkinson also speaks.
click for video
00:00 Need to allow U.S. banks to fail; Japan
04:02 “Close” Fed and “crisis takes care of itself”
05:54 Strategy; gold; “more problems” for markets
08:34 Investing in oil, agriculture; Treasuries
11:23 Picks: China, agriculture, non-U.S. airlines
12:21 “My plan is to get out of the dollar…”
Running time 13:06
Source:
Jim Rogers Says Markets May Go `A Lot Further Down
Bloomberg, November 3, 2008 10:51 EST
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=a8OW0fN0Rjfw
November 4th, 2008 at 2:10 am
This is indeed the same Jim Rogers that piled into Shanghai right as the bubble there was peaking.
He’s talking his book, hoping that someone will come bail him out.
Jim, timing is everything.
Chuck Ponzi
November 4th, 2008 at 12:28 pm
To use my favorite McLaughlin Group expression, he shows a keen grasp of the obvious on the Japanese and South Korean experience and the mismanagement of the TARP plan to date.
The question is asked but never answered, why do they have this guy on regularly? To appease the clamors from the vocal minority of bow tie wearers?
Closing benediction “Jim, Great to have you on the program” Yes indeed, great to get the “clear” signal from one of the best contrarian indicators.