Jim Rogers 01 (May 08 - May 10)

[winston]

We have seen a bottom but is that the bottom ...

[winston]

Jim Rogers said something the other day and it got stucked in my head..

Business conditions will not be good so there's no need to be invested in Equities for the next 2 years ..

If I cant find a good company to buy, I'll probably stay out of the market. Two years if necessary ..

[millionairemind]

2 yrs is a VERY LONG TIME to be out of the market.

There will be trends... within 2 yrs that money can be made... If you check out Nikkei during their lost decade, they had uptrends that lasted months...

Alot of time it is not even dependent on fundamentals.

[winston]

Alot of time it is not even dependent on fundamentals.

Not comfortable buying something based on good Price, while Business Fundamentals are detiorating .

I prefer to buy something with a promising business fundamental even at a higher price...

[kennynah]

wah ....2 years ah..... then what to do during this period... take photos of sun's areola or special rainbow?

visit singapore casinos...play roulette whole day?

Jim Rogers said something the other day and it got stucked in my head..

Business conditions will not be good so there's no need to be invested in Equities for the next 2 years ..

If I cant find a good company to buy, I'll probably stay out of the market. Two years if necessary ..

[winston]

True, I was not impressed at all with the infrastructure in Bangalore, the Silicon Valley of India...

Jim Rogers Prefers China, Sri Lanka to India for Investment By Chen Shiyin

May 21 (Bloomberg) -- China and Sri Lanka are better investment opportunities than India even after the Congress party’s biggest election victory in two decades, investor Jim Rogers said.

India’s benchmark Sensitive Index, or Sensex, jumped a record 17 percent on May 18, causing a trading halt, on speculation Prime Minister Manmohan Singh’s victory will enable him to accelerate economic reforms.

“I’ve heard the same thing for the last 30 years,” Rogers told an Economist Conferences forum in Singapore today, saying he’s skeptical of Singh’s pledges. Still, India will be “the next great investment” if Singh sticks to his commitments, Rogers said.

This week’s gains drove the Sensex to a 42 percent advance for 2009 to date, in line with the Shanghai Composite Index’s 43 percent climb on optimism China’s 4 trillion yuan ($586 billion) stimulus plan will bolster the economy. Sri Lanka’s Colombo All- Share Index jumped to a seven-month high today as the central bank raised its forecast for economic growth following the end of a 26-year civil war.

“You’ve got the wind in your face doing business in India, you’ve got the wind in your back in China,” Rogers said, adding that he sees “great, cheap” opportunities in Sri Lanka because of “dramatic” changes in the country after the end of the war.

Rogers is chairman of Singapore-based Rogers Holdings and the author of “A Bull in China: Investing Profitably in the World’s Greatest Market.”

India’s gross domestic product growth may weaken to 6 percent in the year that started April 1, the slowest pace since 2003, the central bank said last month. China’s economy expanded 6.1 percent in the first quarter, the slowest pace in almost a decade, though manufacturing expanded in March and April, with the Purchasing Managers’ Index rising to 53.5 last month.

Face, Back

India’s ruling coalition said in its pre-election manifesto it will add between 12,000 and 15,000 megawatts of power generating capacity each year in its five-year term. The targets are ambitious considering India added only 9,263 megawatts of new capacity during the fiscal year ended March 31, 2008, and less than half that in the same period a year later.

Sri Lanka’s central bank said today the economy may grow between 4 percent and 5 percent, compared with an April forecast of 2.5 percent. The benchmark index has jumped 12 percent this week, taking its gains this year to 43 percent, the eighth-best performer globally, after the military said it killed the Liberation Tigers of Tamil Eelam leader Velupillai Prabhakaran.

Myanmar also offers “enormous” potential for investors, Rogers said, given the country’s location next to India and China and its natural resources. He said he doesn’t currently have any investments in Myanmar.

Rogers said on May 12 he may bet on a slide in equities after nine weeks of gains, in a Bloomberg Television interview. The MSCI World Index has since lost 0.6 percent.

[winston]

Jim Rogers: Stocks Will Fall Hard By: Dan Weil

Don’t let the stock market’s 30 percent-plus rally over the last six weeks fool you, says superstar investor Jim Rogers.

Equity prices are overvalued, he says.

“I’m not buying shares,” Rogers told CNBC. “The bottom will probably come later this year, next year, who knows when.”

And why should stocks drop? Because governments have "flooded the world with money," he says.

In the United States and other countries, the problem is too much consumption and too much debt, Rogers explains. But governments and central banks are trying to solve that problem with more the same.

This “defies belief" and won’t work, he says.

"I mean … you give me five or six trillion dollars, I'll show you a very good time, there's no question about that."

And what should you buy if not stocks? Commodities, Rogers says.

"Fundamentals for General Motors are not getting better. Fundamentals for Citibank are not getting better,” he points out.

“I can think of very few industries in the world where the fundamentals are getting better. But the fundamentals of commodities are getting better, full stop."

Rogers’ favorite commodities include the agriculture sector and silver.

Rogers isn’t alone in his views on stocks and commodities. As for stocks, hedge fund manager Doug Kass tells CNBC a “vicious correction is in store.”

On the commodities front, Bill O’Neill, former head of commodity research at Merrill Lynch, tells Moneynews.com, “With all the uncertainty around the globe, commodities as an alternative asset will be attractive.”

© 2009 Newsmax.

http://moneynews.newsmax.com/streettalk ... 16995.html

[winston]

Markets set to plunge again, says Jim Rogers

Investment gurus Jim Rogers and Marc Faber agree on one thing. They see a major correction looming in equity markets with a currency effect for the US, since the current rally has been mostly based on printed money, a kind of 'reverse Robin Hood policy' of governments, to steal from the peasants to give to the rich.

As with Faber, Rogers is mostly to be seen being interviewed on CNBC Asia or Europe, since their views are to put it mildly, somewhat negative on the US Dollar and the prospects for green shoots in the US economy.

Legendary investor Jim Rogers told CNBC on Wednesday he is not short or hedged in anything at the moment, but buying Japanese Yen. The next crisis in his eyes is in currencies which makes sense since sovereign states have taken much of the bad debt from the banks and piled them onto their own balance sheets.

The stock market may hit new lows this year or the next as the current rally has been largely caused by the money printed by central banks and fundamental problems remain unsolved, he said.

His views echo those of renowned bear Marc Faber, who told CNBC last week that the rises in share prices did not mean the world was embarking on a path of sustainable economic growth.

"I'm not buying shares if that's what you mean. Not at all," Rogers told Squawk Box Asia.

Governments have not solved the essential problems that caused the crisis but instead they "flooded the world with money," according to Rogers. Trying to solve the problem of too much consumption and too much debt with more consumption "defies belief" and will not work, he said.

The price of oil is also likely to remain high despite the fact that the recession is taking its toll on demand, he said.

"You know supplies worldwide are declining at the rate of anywhere from 4% to 6% a year, yes, demand is down at the moment but in longer term, unless somebody discovers a lot of oil very quickly, the surprise is going to be how high the price of oil stays, and how high it eventually goes," Rogers added.

The next financial meltdown will be in the currency markets, as central banks around the world have been printing money, giving the appearance of massive government intervention to weaken their currencies, legendary investor Jim Rogers, Chairman, Rogers Holdings, told CNBC on Wednesday.

"At the moment I have virtually no hedges, I suspect it is going to be the next problem, big crisis will be in the currency markets, I'm trying to figure out what to do there," Rogers said.

"If I am right, you're going to see a lot of currency problems in the next decade or two," Rogers said.

Governments around the world are doing their best to destroy currencies, many currencies in fact. And people need to understand that; if they don't understand it now, they're going to find out, they're going to find out the hard way," he added.

Marc Faber agrees that we will see a correction unfold in the equity markets. Faber said: “In general, the markets were very oversold on 6 March 2009 and there were some favourable technical divergences [which resulted in the subsequent rally].”

“When the S&P made a new low, many markets and stocks were higher than they were in October-November. That means many stocks had entered bull markets including Asian stock markets,” said Faber, pointing out that now, most stocks were up by more than 100%. "

“A number of stocks above the 50-day moving average reached 90% the other day, which signals an overbought position in US. I expect a correction to unfold. If the correction is a resumption of the bear market where we will make new lows or is still a correction, that still remains to be seen,” he said.

[winston]

Fund Managers can become farmers: Jim Rogers

Even if you are outright bearish, don't short the market. Stocks could touch crazy levels, but they may be in currencies which are worthless.

Indeed, a sovereign default and currency turmoil could rattle world markets in a year or two. In a chat with ET, global investor Jim Rogers says cotton, silver and sugar can be hot picks.

http://economictimes.indiatimes.com/Opi ... ms?curpg=1

[millionairemind]

If stocks are in currencies which are worthless... how does one buy cotton, silver and sugar if they are in the same worthless currency?