It's not fair to compare Zimbabwe to the US. The weather in Zimbabwe is much nicer and so are the people. Plus the banking system is more adequately capitalized.
He has said he is no good at short term trading. He does state what his positions are from time to time. For example, some time back he stated that he was short bonds.
Poor guy, farmers have been screwed every which way to Sunday... They need a better way to be independent of their processors. http://www.detnews.com/article/20090602/BIZ/906020336/-1/rss
Dow 1 million or S&P 50k? Ok. As a trader, the only solution left is to make an absolute killing out of the situation. Make enough money to buy a bunch of farms, hire farmers to run them. Own some gold in the process. Commodities pulled back a little today to take a little breather. He may be somewhat right, probably not quite to the extent of his hyperbole. One way or another, the market is in an uptrend. Short it at your own peril. 50k or 1 million won't happen overnight. I don't think it happens at all personally -- not this century. If it does, I'll catch a nice portion of it.
You made my morning. On a more serious note, life expectancy for women is under 40 years old there right now.
He was saying the sky is falling, the sky is falling... Not that the market is going up and he is caught with this pants down he calls this a bear market rally! Yeah that makes sense. So a "bear market" rally to 50,000 is a bad thing because we are going to have what problems? This is a case of sour grapes for being outed as somebody who completely misread the market.