Jim Rogers: Citigroup is a buy at $5

[telozo]

Quote from ChkitOut:

JR is looking great on this call but one thing I don't understand is this:

He says oil is still in a bull market and bull markets have 50% corrections all the time.

By that definition the stock market is still in a bull market, this is just a healthy correction.

So basically there is no such thing as a bear market in the indexes. Just pull backs.

That actually makes sense somewhat because lousy/bankrupt companies get dropped from the indexes all the time so with only solid companies in the index well, yeah, then its a never ending bull market..

I think he was talking about corrections in commodities, like oil, and not indexes, but I might be wrong.

 

[ByLoSellHi]

Citi looks to be toast w/out an express government backstop.

 

[FCCT]

Quote from turkeyneck:

Looks like Jimmy's $5 bid will get hit very soon...

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.

 

[MohdSalleh]

Congrats Jim!!

 

[cszulc]

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?

 

[Compulsive]

Quote from bgp:

boost123, do you still trade ??????

bgp

boost123 is now BLOW321

 

[murray t turtle]

Quote from ChkitOut:

JR is looking great on this call but one thing I don't understand is this:

He says oil is still in a bull market and bull markets have 50% corrections all the time.

By that definition the stock market is still in a bull market, this is just a healthy correction.

So basically there is no such thing as a bear market in the indexes. Just pull backs.

That actually makes sense somewhat because lousy/bankrupt companies get dropped from the indexes all the time so with only solid companies in the index well, yeah, then its a never ending bull market..

=================
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.

 

[ElCubano]

i was just about to search for this thread....what a calll

 

[eagle]

That’s 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.

Quote from murray t turtle:

And he seems to be a better judge of C stock price than the C leadership.