Jun 4, 2009

Jim Rogers: Dow 30,000!

That's right. None other than Jim Rogers, believes that the Dow might go to 30,000 in the near future! As a side note, he thinks this will happen because of the looming dollar crisis. Read the rest and watch the interview from CNBC. Big point: even if you think the economy is going down the tubes over the next dozen years, do not short the stock market!
"I’m afraid they're printing so much money that stocks could go to 20,000 or 30,000," Rogers said. "Of course it would be in worthless money, but it could happen and you could lose a lot of money being short."

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