In these moments of insanity, Bloomberg and CNBC seem to gravitate towards the voices of reason we love all the more – such as Marc Faber, and Jim Rogers.
Here’s Jim on Bloomberg last night. He views the current selling as panic selling, and thinks that we may be close to a selling climax – which could provide a buying opportunity in some of his favorite commodities.
He remains convinced that Bernanke is going to respond to these market upheavals by printing money, simply because “that’s all he knows.”
Bloomberg – Jim Rogers on U.S. Rating Downgrade, Global Markets