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

[Odgnut]

Yeah...farming is real easy.

http://www.mercurynews.com/nationworld/ci_12487650

 

[Landis82]

Quote from 4444CJones4444:

Rogers is such a drama queen. Become a farmer? Really, Jim? Sounds like somebody lied about being short and got caught in this 40% move up. S&P 50K here we come.

Drama queen he is.
+1

 

[peilthetraveler]

Quote from Scataphagos:

SPX 50,000 = worthless $USD

From '82-'05, the Turkish market went up 2 MILLION PERCENT... and all who were fully invested in stock STILL LOST 98% of their wealth through currency devaluation.

Don't think it can't happen here.

So they did just a little bit better than the people that lost 100% of their wealth.

But actually i find it hard to believe they lost 98%. I mean say the dollar collapsed and you own coca-cola stock (KO) Now coke is all around the world and people drink it every where. I find it hard to believe that if the dollar collapsed and you had $10,000 worth of KO that the stock would only have $200 worth of purchasing power.

 

[short&naked]

This jerk-off just called the current rally a sucker's rally. He also, told people to sell the pound right at the bottom!!!!! Don't forget that.

 

[Businessman]

Quote from short&naked:

This jerk-off just called the current rally a sucker's rally. He also, told people to sell the pound right at the bottom!!!!! Don't forget that.

+1
He told people to get out of pound exactly at the same time that his mate Soros admitted he covered his GBP shorts. Around the 1.35 price.

 

[mister_doodi]

Easy, go all in on triple leverage etfs. Dow 3 million.

 

[Ivanovich]

Does Rogers even trade? I thought I read somewhere that no one even can say what he trades or through whom he trades.

 

[Debaser82]

Quote from Ivanovich:

Does Rogers even trade? I thought I read somewhere that no one even can say what he trades or through whom he trades.

Haven't you seen him flashing around those golden coins out of his pocket?

I'd bet he has more of them at home.

 

[Scataphagos]

Quote from peilthetraveler:

So they did just a little bit better than the people that lost 100% of their wealth.

But actually i find it hard to believe they lost 98%. I mean say the dollar collapsed and you own coca-cola stock (KO) Now coke is all around the world and people drink it every where. I find it hard to believe that if the dollar collapsed and you had $10,000 worth of KO that the stock would only have $200 worth of purchasing power.

That you "find it hard to believe..." is the reason we are so sanguine about the prospects of high inflation*.

Losing 98% of your wealth will bankrupt all but the very richest.

That's what a "1,000,000:1" currency devaluation will do for you.

*Government and the Fed decry the evils of deflation... mostly because the effects are evident in the short term and will get them thrown out of office. But the TRUE villain is INFLATION... Destroyer of Worlds.

 

[ByLoSellHi]

http://content.usatoday.com/topics/...+Agriculture,+Chemical/Kroger/0aEnc4Y45y8Z2/1


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