Wednesday, December 3, 2008
Jim Rogers shorts Treasuries...on October 13!
Go to this link to listen to an interview Jim Rogers gave to Bloomberg TV, where he said he was shorting Treasuries.
Here's a chart of the 30-yr Treasury:
Look at the period of October 13. He sold at the absolute bottom!
I don't like to criticize people for bad market calls--it can happen to anyone--but Rogers deserves this. He is a cynical manipulator of people and still operates under an inapplicable paradigm--the gold standard. And the know-nothing media fawns over him.
If he wasn't selling books and if he didn't unload his NYC townhouse, he'd be broke by now. And come to think of it, Peter Schiff's been putting out a few books too, lately.