Reminder - Jim Rogers has been short investment banks for at least over a year

W

W4rl0ck

If there's some nefarious conspiracy going on here it's in plain sight.

Roger's has known about it AND TOLD THE PUBLIC that he had shorted US investment banks for well OVER ONE YEAR!

So much for a surprise attack by the dark forces.

http://www.bloomberg.com/apps/news?pid=20601109&sid=a2Rnaf9tZJbA&refer=home

Aug. 3 (Bloomberg) -- The U.S. subprime-market rout that wiped out $2.1 trillion from global share values last week has ``got a long way to go,'' said Jim Rogers, who predicted the start of the commodities rally in 1999.

This week's rebound in equity markets hasn't persuaded Rogers, 64, to pull out of bets that U.S. investment banks and homebuilders are heading for further declines.
 
Rogers is indeed the man.

But I'm sure if you do an more exhaustive search you'll find he also disclosed his general rationale for shorting the I-banks. I'm guessing he trades hedge fund size lots so I doubt if he based the trades on anything like gut feel.

No comments from the "Conspiracy Theorists"?
 
http://sify.com/finance/fullstory.php?id=14761186

Jim says keep buying commodities

The investment ‘biker’ says commodities are in a phase where stocks were thirty years ago. “Even today, people don’t have a clue about commodities. Many think, “Coffee comes from Starbucks.” Bull markets happen when people begin to understand about a particular asset class. That’s what is going to drive a long bull phase in commodities. Out of the thousands of mutual funds in US, only a few hundred invest in commodities. That is going to change.”

Bull markets are caused by supply and demand, says Rogers. He points out how the last lead mine was dug 25 years ago and the last lead smelt was built in the US in 1969. Oil fields operational today are 40 years old. Indonesia was thrown out of OPEC, the oil producers’ cartel, as it exhausted its reserves. More countries like Malaysia and UK are likely to become net importers. As people in Asia and around the world earn more and get wealthy, they demand better infrastructure and good food, increasing the demand many times over.

“Supply down... demand going up? That’s what I call a bull market,” he says. That’s how sound Rogers sounds
More...
 
Commodities are the "real" values that we deal with in the financial system. The rest is mostly castles-in-the-sky and expectations...
That is why the big commodities countries will go by relatively unscathed. Growth in China, India and Russia is NOT going away - and they are getting fed and constructed into their new lifestyles with commodities flowing into there.

E.g Brazil has over the last few years shifted their "involvement" with the US economy significantly.
During the last 12-15 months there has been a flight away from the emerging markets - because of the turmoil in the US unfolding and they had to shore up back home... but that doesn't mean that growth in the emerging markets is being thwarted.
 
Jimbo has also been short 10y bonds since a year, long CHF, long JPY, long China stocks. It's not like all his traders are guaranteed winners, although he acts like they are.
 
Quote from Gringinho:

Commodities are the "real" values that we deal with in the financial system. The rest is mostly castles-in-the-sky and expectations...
That is why the big commodities countries will go by relatively unscathed. Growth in China, India and Russia is NOT going away - and they are getting fed and constructed into their new lifestyles with commodities flowing into there.

E.g Brazil has over the last few years shifted their "involvement" with the US economy significantly.
During the last 12-15 months there has been a flight away from the emerging markets - because of the turmoil in the US unfolding and they had to shore up back home... but that doesn't mean that growth in the emerging markets is being thwarted.
More...

Okay look no on e gives a shit abt brasil
 
He's been buying the China market since the 90's so I guess he'll squeak by.


Quote from makloda:

Jimbo has also been short 10y bonds since a year, long CHF, long JPY, long China stocks. It's not like all his traders are guaranteed winners, although he acts like they are.
More...
 
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