Jimmy Rogers Looks for More Gains, But….

Ready to Rock? The Bear implosion was certainly a watershed. Visa's IPO is historic. And housing relief, no matter how ill conceived, should trickle down via Fannie Mae.

The majority of bears will fight any rally, but Jim Rogers is more pragmatic than those losers. He will not stick around to get run over by the plunge protection team and assorted hangers on who lit the fuse yesterday:

U.S. stocks, which surged the most in five years yesterday, will likely continue their rally this year because the ``out of control'' Federal Reserve is cutting interest rates to save investment banks from collapse, investor Jim Rogers said.

The Fed's support is ``why we're having a big rally, but that's not going to solve the problem,'' Rogers, chairman of Rogers Holdings and co-founder of the Quantum Hedge Fund with George Soros, said during an interview with Bloomberg Television from Singapore. ``The system is terribly corroded.'' Bloomberg

Rogers was laying out shorts in financials late last week, however, and sees more pain ahead after the rally cools. And if you invest internationally, Taiwan is worth a look. But there will eventually be hell to pay, warns Rogers:

``What are they going to do when the stock market is down 40 percent or 50 percent?’’ Rogers said. ``They’re not going to have any bullets left. They’re not going to be able to solve the problems at that point.

Rogers is comparing Bernanke to Arthur Burns, and appears as cantankerous as ever in an interview with Bloomberg TV.

Part One

Part Two

`Big Rally’ for Stocks to Continue, Jim Rogers Says
Bloomberg

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