Jim Rogers on Currencies, Stocks and Commodities – October 2009

6 Comments...

1. AS says:

   Comment ID: 5637

   October 1, 2009 at 11:27 am

   Same old same old with Jimmy R. He doesn’t change his story that much. The only thing I noticed that he has said differently in this interview is that the dollar may rally soon. That is right in line with a lot of what other smart people are saying too.

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2. Mac Slavo says:

   Comment ID: 5640

   October 1, 2009 at 3:37 pm

   I must say that it is refreshing to hear Jim say the dollar may move up. I am a big fan of a dollar Up move right now.

   It seems the market is actually moving DOWN on bad news now.

   what does it all mean?!

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3. AS says:

   Comment ID: 5641

   October 1, 2009 at 5:33 pm

   Perhaps it means that you can only surf on momentum and gov’t stimulus for so long before reality sets back in.

   Faber predicted all this… we’ll see if it plays out the way he says.
   If he’s right the gov’t might test the market to see how it gets along without further stimulus, then it will start to tank again. But they will not let the S&P get back down to its March lows without another capital injection. Eventually (and likely after the 4th quarter retail numbers come out) it will be clear that we may be deeper in the woods as opposed to our way out of them and they will convince everyone that more money printing is necessary. That is when I will stop shorting the market and perhaps get back on board again. I know, it sounds simple. Lets see if it comes to fruition, though.

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4. Mac Slavo says:

   Comment ID: 5642

   October 1, 2009 at 6:09 pm

   I think Faber is right about the money printing/stimulus… if this thing hits 800, people will panic… but honestly, I don’t know if they can act fast enough… you could see a collapse in literally 2 weeks…

   In any case, they will stimulate first chance they get.

   I think at that point…say we bottom out a little similar to last year, a move back in to markets might not be a bad idea.. ride it up as the GS’s of the world crank the computers.

   We often discuss inflation/deflation… but you know… insofar as the market is concerned, i am not going to call it that anymore.. it’s just a market moving up and down right now…

   Say bernanke says “Print!” and they go nutz and print another 5 Trillion… and the markets blow up to 15,000 on the Dow… I don’t think you will see this reflected in consumer prices right away… so, even though people move in because of inflation fears, there is no actual inflation in consumer goods, etc.

   BUT, eventually, the inflation will catch up in consumer prices… and this is where I think being in the Dow, even if it goes to 30,000, would be pointless because the value of the USD will be worth crap…

   But, for now, in the near and intermediate term, one can actaully make money, in REAL terms, on inflation fears.

   So yeah…. I’m with you on this particular “simple” idea. It really is simple, though, and it may very well work out just like you said.

   Mac

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5. Rick Blaine says:

   Comment ID: 5649

   October 2, 2009 at 2:22 am

   I always like to keep an eye on foreign markets…I’m not sure why.  I have no idea what, if anything, they mean for our market.

   That being said, as of right now, most of down on 10/2…near -3% in China.

   My guess is a decent swing one way or the other.

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6. Rick Blaine says:

   Comment ID: 5660

   October 2, 2009 at 1:49 pm

   …or maybe not.

   Me thinks we’ve got a WOPR or two rigging this game.

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