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Jim Rogers happy to sit out equity bull run

Wednesday, February 22, 2012 - 04:01

Feb. 22 - Jim Rogers argues that stocks could well go even higher due to central bank stimulus, but he refuses to buy into it.

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The doubts always with thirteen thousand the footsie with 6000 can these levels forma basis Jim Rogers and Rogers holdings. Joins me now I -- it's always your again Jim of the risk of obsessing you. Budgeting when he got to 151000 this year. Now of course we can't we can get to 181000 this year also -- to -- things could happen I'm not those not a prediction on my part. In other Federal Reserve is printing a lot of money we have governments. The Japanese are pretty money in the bank of being about a lot of people printing money now so anything can happen in the US government is this spending lots of money. As an election this year actually forty elections this year a lot of people -- for any money I don't expect him to get to 151000 but it certainly could. All right but but but if if if we've got some some legs on this now what looked as -- twenty swallow is gonna look so good. Why don't get in on the back of that Jim why you're not buying into the equity market at least for twelve months we'll sort. Well I I have plenty of ways and I'm participating I have we've discussed before I own a lot of of commodities if things are going to be good commodities and do extremely well and are doing extremely well because of the shortages that are existing. So I'm playing. And I don't think some currency is I'm they had them whether there's more than one way to skin a cat axle and I'm standing at in my own way. Just to assist you with equities -- come on it tomorrow -- he's a little bit -- but. -- 2012 won't look good visible this stimulus -- thirteen 2014 I imagine you think is doing pretty bad. What will we get down -- 5000 moment down. Well there's little question that 2013. 2014. Is going to be serious problems for everywhere in the world. Because by the end the American election will be over the French election -- German election all of these things are gonna be behind us. And at that point somebody is gonna have to face reality and we got up the printing presses and not gonna keep running. I'm extremely worried about 2013. 1415. -- go to 5000 I'm not Smart enough you should watch Thomson Reuters if find out how low can go. I guess I guess my question is there is. Do we do just thinking -- thousand before it gets to fifteen. -- good question I would. I'm not sure -- get to either. In in the foreseeable future you know it between 1964. In 1982. That's eighteen years actually. The Dow Jones with 800. Started in 1964 is 81982. -- a hundred. You could have markets and just go sideways for long periods of time it's happened repeatedly throughout history seems to me that's the kind of market we're in now. It may not get to 5000 or 151000 for the -- several more years. You blindly buying any equities and old are you buying any technology you buying FaceBook you're buying apple. No no no that's not my kind of investing I bought a few Chinese shares recently. About a few Japanese shares recently. That's all I can they count right now I think about something in Europe I just can't think about what what do what did you find China and Japan. Well in Japan made about the -- -- I only about the index in in Japan and in China bought a couple of shares of companies. -- -- -- -- Final and -- head yet I own the yeah I was apple things I think it's called -- -- yeah I don't I don't ever use it but -- not a sufficient commit. But that that that's what's making this company money that's what's setting this thing above 500. In the US that that is in the story you Bryant who has an investment than. Nah I don't like to buy expensive stocks I'm not very good -- and that's what they're -- of people a very good at buying stocks that are a expense even -- that are going through the roof. I'm not I use a short those kind of things I'm not sure apple but I'm not any good at buying expensive momentum kind of stocks.

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Jim Rogers happy to sit out equity bull run

Wednesday, February 22, 2012 - 04:01