The Market Angle

Jim Rogers Backs the Buck

10/12/07 - 05:42 AM EDT


Investment biker Jim Rogers believes U.S. assets of all sorts are headed for a fall -- but he warns that the path won't be straight down.

"I implore everyone who reads you to open a foreign bank account or get their money out of the U.S. dollar," Rogers, the investment guru and noted dollar bear, said in an interview this week. "But you might want to wait until after the rally."

Rogers hasn't veered from his belief that the U.S. dollar is in a bear market, but he believes a rally is afoot.

"Everyone is suddenly now short the U.S. dollar," he says. "The boat is too full on one side, and in my experience, that means the opposite is going to happen."

He declined to put a time frame on a greenback rally or to name what might trigger it, but he suggests selling into it when it comes. "Let's just say Bush decides to pull the troops out of Iraq tomorrow," says Rogers. "That might do it."

Rogers is famous for co-founding the Quantum Fund in 1973 with George Soros. The hedge fund posted a 4,000% gain in the ensuing decade. Since then, he has traveled, taught and written several books. His next, titled "A Bull In China," is scheduled for publication in December.

Previous «
1 2 3 4
In keeping with TSC's editorial policy, Rappaport doesn't own or short individual stocks. She also doesn't invest in hedge funds or other private investment partnerships. She appreciates your feedback. Click here to send her an email.

Previous Story

Fed Drops Hawk Talk

Headlines & Perspectives

The Market Angle

Go To Section Home


10/09/07
Fed Drops Hawk Talk

Stocks rally on rate cut hopes, but bonds tank on inflation fears.


10/06/07
Coming Week: Bull Charge

Can the market keep setting records with banks awash in writedowns?


04/28/08
Cramer's Take on the Top 10 Searched Stocks

Apple and AT&T were among the most searched stocks on TheStreet.com Friday. Here's what Cramer had to say about them recently.


04/26/08
Jim Cramer's Best Blogs

Catch up on his thinking on the hottest topics of the past week.


04/26/08
Coming Week: Make or Break

Investors will have to deal with a Fed meeting and another flood of earnings and economic data.


04/27/08
This Week's Barron's Roundup

Looking for deep value with Defiance Asset Management, polling big investors about where the market's headed, plus much more.


04/28/08
Monday's Analysts' Upgrades, Downgrades

See who made what calls.


02/29/08
3 Stocks I Saw On TV

3 Stocks I Saw On TVDan Fitzpatrick examines three stocks viewed on Fast Money and Mad Money Today's stocks include Deere & Co., Petrobras and MBIA


04/28/08
One Bank Pick Stumbles, the Other Soars

TheStreet.com Ratings checks in on First Community Bancorp and First Niagara Financial Group two months after recommending the stock.


04/28/08
Grand Theft Auto IV Hits the Jackpot

Take-Two's latest hit receives a perfect score from industry reviewers.


Your Recent Quotes: Quote Up0 | Quote Down0
Dow S&P 500 NASDAQ
Oil*
Gold
10 Yr
0.00%
%
%
%
Data delayed 20 min
Premium Stock Ideas
Access Action Alerts Plus to find out Cramer’s latest picks now!