Most investors acknowledge that Jim Rogers, the notorious bull in a China shop, deserves his guru status. He’s been right on commodity demand, prescient about the U.S. dollar and an accurate advocate of Asian equities. However, few people realize that Mr. Rogers chose Singapore as his neighborhood back in 2007. He believes that assets will continue flowing into the Asian [...] [...more]
Two weeks ago, China hiked interest rates for the first time in 3 years. Nobody had seen it coming. Up to that moment, investors believed that the country would not upset the world’s apple cart, even with its hot-running 9%-10% GDP. Yet they did indeed raise rates on 10/19/2010. The People’s Bank probably felt that… with assets 30% higher than the summertime lows… it was time to [...] [...more]
Jim Rogers and Nouriel Roubini. Each has been credited with spectacular powers of foresight. Writers happily proclaim that Mr. Rogers predicted the commodities boom in 1999. Few seem to mention that Mr. Rogers failed to see the commodity bust of 2008 that knocked a diversified basket of “stuff” down -50% to -60%. CNBC enthusiasts proudly point to [...] [...more]
This cyclical bull is seriously winded. Consider: (A) Good news has crossed the newswires all week long… and the markets have shrugged. In fact, they’ve hit a wall at intra-day highs in the S&P 1035 area. (B) The areas most responsible for early bull market gains are reversing course; that is, tech and energy have been the most sluggish. Similarly, resource-related producers [...] [...more]
