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First with Financial Comment from Arabia

Jim Rogers still not buying stocks

with 3 comments

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Written by Peter Cooper

March 23, 2010 at 11:51 am

3 Responses

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  1. Nothing is going to spoil this party. DOW is up around 84 points now and the S&P500 is up almost 7.03 points at 1173.08
    The market just keeps climbing like it is on steroids. We are now headed towards Neptune. 11,000 this week I can see the headlines already. I have never seen anything this pathetic before.

    I can just see DFM following now. Everyone is going to hop on this next roller coaster ride.

    Andy

    March 23, 2010 at 11:18 pm

  2. USA housing sales come out worse than expected, but the stock market Dow is UP 50 points at noon! Andy is probably right. Without a BIG black swan showing up, the Dow could hit 12,000 by the end of the year. Didn’t someone famous once say, “Don’t fight the Fed?” I wish I could borrow at 0% interest. Even I could get rich like that.

    Bill Simpson in Slidell

    March 23, 2010 at 9:34 pm

  3. They printed $780 Billion for that stimulus package. Quite a bit of it was returned back from the financial institutions that they loaned them to which means that they still have quite a bit of cash on hand and as Jim said in the video the cash has to go some where which means we will see quite a bit of gains yet to come. I am going to stick with my DOW 12000 prediction.

    Think about it, they have all these debts and all this money sitting around. What are they going to do with all that money just sitting there?? As I type this futures are up again today now at +20 pts.. Probably see a 50-100 point gain day today. I think we will start seeing the same now in Dubai as well. The index will continue to climb for no reason in Dubai. They will pump this market just like they are in the US and then dump after. The Dubai pumping started last week. Watch and see..

    Ed Note: well US housing figures might spoil the party!

    Andy

    March 23, 2010 at 2:12 pm


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