Jim Rogers: Inflation Doesn't Mean Stocks Go Higher
“Throughout history, go back and look, you know we had huge inflation in the 70s, stocks were not in a good place to be. This is the time when you should own real assets, not stocks and bonds.”
Jim Rogers is correct. Inflation will do for stocks what inflation did for stocks in the 70s. 1600 will have to wait quite a while. We may see 1200 again before 1400. Anyone who bought at 1300 was a sucker.
There is no correction. Where do you see the target price for S&P after pass 1,300?
ReplyDeleteNext stop at SPX 1600
ReplyDeleteBack in the '70's, fundamentals worked for investing.
ReplyDeleteJim Rogers is correct. Inflation will do for stocks what inflation did for stocks in the 70s. 1600 will have to wait quite a while. We may see 1200 again before 1400. Anyone who bought at 1300 was a sucker.
ReplyDelete