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Jim Rogers on Bloomberg Video on June 5, 2008:
He said he is:
* Short: Investment bank ETF
* Short: Citibank and Fannie Mae
* Long: Airlines
How has that stood up so far? Keep in mind, the S&P500 is down ~13% since then.
* iShares Dow Jones US Broker-Dealers ETF (IAI) down ~23% - which he was short
* Citibank (C) down 6% ; Fannie Mae (FNM) down 97% - both of which he was short
* AMEX Airline Index 'XAL' up ~40% since June - which he was long
twb3683 3 years ago
how can the JEWish FED RES, Give OUR MONEY AWAY. Who are they to do so? They are for one entity ONLY
mastior 3 years ago
This guy is scary but he's also right. I'm
glad he keeps showing up and sharing his
pearls of wisdom before these TV models
who really could care less and if they
care at all they all look like Maria
Bartiromo on a down day and Kudlow on
an up day bouncing up and down all
around with caffeine and meds to
control the moods.
danger0usknowledge 3 years ago
he has 2 daughters?
LucyVanPelt22 3 years ago
Jim is brilliant. meanwhile we need stockbroker aid rather than farm aid and why do we subsidize famers anymore?
pc3222 3 years ago
There are now more peole working in the Dept of Agriculture than there are farmers.
truthsabre7 3 years ago
Is that for real? Can you provide a link to proof of such? That is incredible.
lastnymleft 3 years ago
I heard it on Fox news.
truthsabre7 3 years ago
Right now there are 2,076,000 farms in the U.S. 105,778 people work for U.S. department of agriculture. Different states have their own departments of agriculture, meaning that the total # of people working for state agriculture deparmtnets is higher than, but by how much I don't know.
dimonemon 3 years ago
Well it would be quite funny and scary to say that people can't invest in commodities. LOL its INSANE, I am glad I live in Canada...I hope they do not pull that crap here.
Rustyshackleford08 3 years ago
The Europeans which buy America must travel somehow to their US-properties, and back home after holiday and shopping. It´s cause of that.
ThorbenArminius 3 years ago
it's no secret why Mr. Rogers buy Airplane stocks, it's cuz he's CRAZZZY.
ok ok, j/k, it's becuz of all those Chinese tourists. Tourism from China is gonna be HUGE.
mrzack888 3 years ago