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Strategies & Market Trends : Waiting for the big Kahuna

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To: Real Man who wrote (89536)	8/8/2009 7:17:35 PM
From: ayn rand	Read Replies (2) of 94695

Rogers: Dow 1 Million? Sure, Why Not? Investment guru Jim Rogers believes the stock market's recent gains won't last because the U.S. economy remains mired in crisis. But he says the massive fiscal and monetary stimulus campaigns engineered by the government and Federal Reserve could cause a huge run-up for the stock market first. "It's a bear market rally. I was going to say I don't think the S&P 500 will see new highs," Rogers tells The Economic Times of India. "But I have to quickly temper that by saying against the dollar because the S&P 500 could triple from here if they print enough money and the value of U.S. dollar collapses. Then the S&P could go to 50,000, Dow Jones can go to 1 million." June 13, 2009 rightsidenews.com

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