Jim Rogers: S&P Could Go to 50,000 and DOW to 1 million

zdreg · Jun 4, 2009

the elite are not sitting around with $US. they are buying real assets with $US.

tmarket · Sep 16, 2009

Quote from WallStWhizKid:

http://finance.yahoo.com/tech-ticke...ers-S&P-Could-Go-to-50000?tickers=dia,spy,xlf

From The Business Insider, June 3, 2009:

Ahh, Jim Rogers, always good for a nice headline (see: above). In an interview with the Economic Times of India, the famously dramatic and bearish investor, hits on all his favorite themes, like the collapse of the West, the appeal of commodities and farmland, and of course inflation and the collapse of the dollar.

While he's negative on US assets -- he says he's gotten rid of all of his dollars, for the most part -- he advises against shorting this market.

It's a bear market rally. I was going to say I don't think S&P 500 will see new highs. But I have to quickly temper that by saying against the dollar because the S&P 500 could triple from here if they print enough money and the value of the US dollar collapses, then S&P could go to 50,000, Dow Jones can go to 1,00,000.

Which is one reason why I am not shorting stocks right now. Because there is a possibility of this sort of a thing. There is a possibility that stocks could go through unheard of levels, but would be in worthless currency.

And here's his advice to would-be money managers:

Become a farmer. ...
Sounding very much like Marc Faber, also an advocate of farming, who recently said he's 100%(!) sure that the US will experience Zimbabwe-like hyperinflation.
More...

Time to resurrect Jim Roger's DOW to 1 million, become a farmer theme...
http://news.bbc.co.uk/2/hi/in_pictures/8259659.stm

zdreg · Sep 17, 2009

picture proves nothing. why don't you look at the price of farmland the world over.

tmarket · Sep 17, 2009

Quote from zdreg:

picture proves nothing. why don't you look at the price of farmland the world over.
More...

I think being a farmer means more than just owning some farmland ... and you mean the bubble in farmland prices?

number22 · Sep 17, 2009

Quote from zdreg:

picture proves nothing. why don't you look at the price of farmland the world over.
More...

I think Farm land price has NOT fallen fast enough to catch up with agricultural commodities price. 2009 is going to be very tough year for family farmer. Major consolidation is going on right now.

Rodney King · Sep 17, 2009

Quote from zdreg:

picture proves nothing. why don't you look at the price of farmland the world over.
More...

Have you ever owned or operated a farm? Just curious.

Log in or Sign up

Jim Rogers: S&P Could Go to 50,000 and DOW to 1 million

zdreg

tmarket

zdreg

tmarket

number22

Rodney King