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Strategies & Market Trends : Jim Rogers -- Investment Biker -- Ignore unavailable to you. Want to Upgrade?


To: Thomas M. who wrote (73)3/1/1998 1:59:00 PM
From: craig crawford  Read Replies (2) | Respond to of 213
 
J. Rogers started off talking about how he is against closing the markets down (like in October when they halted trading).

Then he said he was long sugar futures (a year out). Not the US futures, but world sugar futures. He said there are two kinds.

He spent some time talking about the EMU. Of course Jim reiterated his view that the Euro was going to be the most important event in the next 5 years and he thinks it will be a disaster and it won't go through. He said all the Europian countries are phonying the books. Gave reasons for why it was bearish for the dollar whether it went through or not.

Said he was still short the Italian bond market. (and losing money on it).

He said he was long the Scandinavian countries like Sweden, Norway, Finland, Denmark, etc. because there is gonig to be wave of consolidation in the financial stocks.

Said he is long some Asia for the rally but expects another wave of selling later in the year. Thinks China is going to have hard time competing if they don't devalue their currency.