I happen to be long commodities and short emerging markets and technology in the United States. I am also long currencies, I am short a major American bank and short bonds. It looks as though we are going to have a period of turmoil for a while. A market I am looking at is Japan; I own the Yen. I bought Japanese shares when the tsunami came, I think I am probably going to buy some more.
I own the U.S. Dollar. It has been terribly beaten down. Everybody is bearish on the U.S Dollar including me. It’s fundamentally a terribly flawed currency. But when everybody is bearish on something it is usually a time to own it.
Related Tickers: United States Oil Fund (USO), iPath Dow Jones-UBS Cotton Subindex Total Return ETN (BAL), ELEMENTS Rogers Intl Commodity Index - Agriculture Total Return ETN (RJA), iShares MSCI Emerging Markets Indx (ETF) (EEM), iShares MSCI Japan Index (ETF) (EWJ), iPath S&P GSCI Crude Oil Total Return (OIL), Technology SPDR (ETF) (XLK), Financial Select Sector SPDR (ETF) (XLF)
Jim Rogers is an author, financial commentator and successful international investor. He has been frequently featured in Time, The New York Times, Barron’s, Forbes, Fortune, The Wall Street Journal, The Financial Times and is a regular guest on Bloomberg and CNBC.
