Comments Off on Jim Rogers Says the Rebound Cannot Last (CNBC May 11, 2009)
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Â 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.
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.Â 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!)
Watch Jim Rogers on The Kudlow Report May 11, 2009:
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Read by 72 people Date: May 12th, 2009 Website:www.SHTFplan.com
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