Tags: Jim Rogers Im Not on Stocks Bandwagon

Jim Rogers: I'm Not on Stocks Bandwagon

Thursday, 01 March 2012 08:27 AM

Noted commodities bull Jim Rogers says he's not joining the list of big names like Warren Buffett who say now is the time to invest in stocks because equities are poised for a rebound.

Even though the Dow Jones Industrial Average has broken the 13,000 mark while the S&P 500 is at its highest level in years, Rogers likes commodities, long his asset class of choice, despite recent corrections.

"You see what’s happening to gold … Oil went down today, yes, but oil’s been going through the roof," Rogers tells CNBC.

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Loose monetary policies, often referred to as money printing, will keep commodities attractive due to the inflationary side effects that flooding an economy with liquidity can cause.

"There are other ways to play. They’re printing a lot of money. When they print money, you have to protect yourself with real assets in the end."

Don't expect stock markets or the economy to tank in 2012 due to election-year policies, although inflation and debts will come back and haunt the country in a year or two, which will make commodities shine.

"Worry about 2013. Be panicked bout 2014," Rogers says.

"But this year a lot of good news is coming out."

Others agree the outlook for 2012 looks good, and expect investor currently on the sidelines to jump back into the market.

"Two months ago, we were talking about a double-dip recession; now consumer confidence is growing," says Ryan Detrick, senior technical strategist with Schaeffer's Investment Research, according to the Associated Press.

"A major milestone like 13,000 wakes up a lot of investors who have missed a lot of this rally."

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Thursday, 01 March 2012 08:27 AM
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