Rogers Says `Plenty of Reasons' to Bet Against JPMorgan
March 13 (Bloomberg) -- Jim Rogers, chairman of Rogers Holdings, talks with Bloomberg's Ken Prewitt about the outlook for JPMorgan Chase & Co. and his investment strategy.
Rogers, speaking from Singapore, also discusses agricultural commodities, U.S. Treasuries and this weekend's meeting of the finance ministers and central bankers from the Group of 20 nations. (Source: Bloomberg)
00:00 Sees stocks in bear market rally, stimulus
01:35 Wen's comments and concerns about U.S. debt
02:04 Dollar, yen in "artificial rallies"; strategy
03:11 Commodities, gold, silver strategy, IMF sale
04:51 Sees interest rates "going through the roof"
05:23 U.S. banks, shorting JPMorgan; insurance
07:03 G-20 meeting "not going to change anything"
07:44 Favors agricultural commodities, inventories
Running time 08:47
Last Updated: March 13, 2009 06:56 EDT
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=a2zGfB0HYwSc
16/02/2009
Jim is shorting JP Morgan. He said: "Their off-balance-sheet derivative positions are among the top three in the world, if not the largest. The bank’s credit-card loans also are a disaster waiting to happen." Stock may rally as it has gone down so much. But it is a bear rally, which is the conventional wisdom today.
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