Jim Rogers joined the original money honey Maria Bartiromo today on CNBCâs closing bell for a solid ten-minute interview (link and embed below). He views the current decline as a normal correction (said it could go all the way to $1200 and still be within the confines of a normal correction). Has recently hedged his positions in gold and silver. Still owns other commodities, including agriculture. Owns US dollar due to its status as a perceived safe haven (he says it is not actually a safe haven). Believe JP Morgan and friends are liquidating positions like crazy at the moment. Thinks finance is âfinishedâ after a great 30 years â says stock market volume is not going to come back (and recommended that Maria become a farmer, or at least learn how to drive a tractor). Says he owns no American equities, and is short equities around the world (believes 2013 and 2014 are going to be real messes). Admitted he was short calls on a âlarge American bankâ when this JP Morgan news came out (ha!) http://contraryinvesting.com/financ...gold-jp-morgan-us-stocks-more-cnbc-interview/
i don't think so..all this WS play is build around working folks retirement plans,savings etc..as long as people are employed-they pretty much forced to make the contributions and money has to go somewhere. and for now -there is only one place left-stocks(i would put them in commodities, just like rogers,but on 99% of retirement plans-there is no such option) call me crazy,but i believe for last decade WS purposely squeezed out all other participants(like most of us). the less volume-less competition and way easier to manipulate those markets and \or individual stocks. very simple
"Learn to drive a tractor... Buy gold... We're running out of farmers..." This is the same interview he's been giving for years.
it's kind of typical WS approach..if you repeat same s**t over and over again-then sooner or later you are going to be right http://www.elitetrader.com/vb/showthread.php?threadid=242557