Market Overview

Jim Rogers: "I Am Short Stocks and Long Commodities"

Related SPY
Technical Alert: S&P 500 Index Futures Higher
Fed Reserve Speakers Out In Force Ahead Of November Meeting, But Hike Doesn't Look Likely
The Boredom Before The Storm (Seeking Alpha)
Related GLD
Gold Finally Trading Higher After 9 Down Days
Technical Alert: Gold Futures Attempt To Put In Double Bottom
The Boredom Before The Storm (Seeking Alpha)

Legendary investor Jim Rogers, in an interview with CNBC, has said that he is short stocks and long commodities as he fears a worse recession in 2013-2014 than the Great Recession of 2008-2009. The Co-Founder of the Quantum Fund, along with infamous investor George Soros, has acknowledged that his views fit best with the Austrian School of Economics, and it is this view that makes him fear a deep recession in the near future. He said, "In 2002-2003, we had a recession with little debt. In 2008-2009, we had a bigger recession with more debt. Now, we have more debt than ever." Mr. Rogers also said that he is long gold and adding to his position.

Posted-In: CNBC Long Ideas News Short Ideas Commodities Insider Trades Hot Intraday Update


Related Articles (DBC + GLD)

View Comments and Join the Discussion!