In a Fox business news interview, ‘legendary’ investor, Jim Rogers warned of a global financial meltdown, yet again. He lectured the host, Liz, about the simplicity of buying low and selling high, suggesting now might be a good time to buy China, while admitting it might still trade lower, and selling short America because its wrought with excess and overvalued stocks.
He is short FANG: Facebook, Amazon, Netflix, Google and junk bonds. He’s long the dollar and bow’d ties.
The folksy Rogers was very sure to remind his interviewer, as well as his audience, that his timing might not be optimal, hedging his calls by proclaming to be a simple village idiot of the first order.
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This all feels like a “wall of worry”. I see absolutely no reasons to be bullish stocks nor do many impending doom/bears on parade public figures, but that alone may be precisely the reason to be bullish. Ya follow
it’s what the c-banks want. if they want things stable for the moment they will be stable
The market feels overvalued(except for my banks)
and yet jobs keep ramping higher; Co’s don’t
hire for fuckall. They know things.
jobs are lagging(-indicator). labor market is odd anyway. to say the least. (service, parttime, foreign, participation)
if every media outlet that interviews him posted a chart of the S&P vs. his “predictions”, he’d never be on teevee again….and we’d all be better for it. he’s worse than a perma-bull
is he worse than GartMoron?
Yes, but a wealthy person can paint big pictures from where they sit. One who does not worry about the next meal, mortgage payment or medical procedure can prognosticate as a well-insulated, comfortable spectator.
Rogers is eating on China for the rest of his life. Even if he lost it all, he could still pull speaking fees for a living.
long the dollar and bow’d ties = priceless
booyah
love his way with words, so funny
Welcome to Devil Dog Rogers. The more Devil Dogs that appear, the merrier the rally.
He tells us to buy China as it unravels, and short the U.S. which is doing far better economically from all indications? Is there something wrong with his brain or what?
If I were financially independent I might adopt a prop (like Rogers and the bow tie) and become a media go-to in my profession. As an employee this could be a problem.
It’s a fine line between imaging and annoyance, and personal wealth is a nice safety net.
Notice how he comes on as things get out of hand. You can’t believe anything these jokers say.
what’s out of hand. dow was moved back up 1200 pts in 4 weeks
Yes, and he’s short.
You ham and eggers got a bigger stack than Mr Rogers?
Didn’t think so – keep picking up those pennies
does that also apply to Bill Ackman?
Good point. Just because someone has money right now, doesn’t mean that he isn’t about to lose every penny of it, or that he gives good investment advice.
Trump has a bigger stack than I have, but I don’t want any investment advice from him.
This guy is amazing