Friday March 23, 2012
Here is a link to the Jim Rogers interview on CNBC yesterday. The video is available.
Perhaps his bvest observation was that he hoped china shares would drastically drop the next couple of years, they he could buy them cheaply. We have noted the long slide in the Shanghai index.
Jim was
short US govt bonds, a bit late I thought
buying gold as it descends, who knows how low
bullish on Mynamar former Burma
liked China a lot lower
Jim has authored several books, two about his round the world trips, one on China, one on commodities and another for his daughter
Interesting statements.. I have become very cautious regarding media attention of even the most respected technicians (note Robert Prechter's recent 'fame'). I believe you are making similar observations from your comments.
Google\trends may be telling us that complacency is still heading higher as the latest 'stock market top' search report has ticked back down into the lower end of it's 'last 12 months' channel. Searches on "Robert Prechter' have fallen off the chart while 'economic outlook' is also heading down. All of these have hit bottoms prior to market tops. I think we could have a little more downward movement to go on these.
Posted by: StuartD | March 23, 2012 at 11:46 AM