I think he was talking about corrections in commodities, like oil, and not indexes, but I might be wrong.
If I remember correctly he was pressured by some puppet reporter for a price level on when Citi stock was a buy. No way he is buying any of these financials. Another great call by Rogers!! He also is calling for the Euro and USD to crash.
I have to admit, when I saw this I thought Jim Rogers was crazy, but seeing this he was right again! Good job Jimbo, the question is are you going to buy it now?
================= ChkItOut; Sounds right ,on that they tend to pick strong for long companys in indexes, when they can; & not that that stops a bear trend. Jim Rogers in somewhat unique in that his fundamental research is real important to him, so long term oil view could still be bullish despite plenty of demand destruction/tdowntrends. And he seems to be a better judge of C stock price than the C leadership. Not all ,but most may define a bear as below 200 day moving average;not likely many would wait till SPY drops 50% from peak north of $150 , to still call that a bull market.
Thatâs normal. A stock trader generally know quite well than the company board know about their company stock price. Difference focus, one who focus on company stock price while other focus on company business. The only edge the board has over trader is inside trading, but it's not legal.