Investor Jim Rogers discusses his recent market plays with CNBC and analyzes what he sees coming for nuclear power, uranium, and oil.
Rogers recently bought the Japan index and a Japanese agricultural stock. He currently owns yen, but is not buying. When markets collapse, Rogers believes its usually a good buying opportunity. He believes Japans rebuild will eventually cause a big surge in the countrys economy.
Rogers is not selling anything right now, but plans to short US government bonds. He sees oil prices going much higher and points out that some form of alternative energy is needed to replace oil, gas, and coal. Rogers suspects uranium and nuclear power stocks may be good buys in a few years if Japan survives.
Jim Rogers has taught finance at Columbia University’s business school and is a media commentator worldwide. He is the author of Adventure Capitalist, Investment Biker, Hot Commodities, A Gift to My Children, and A Bull in China. See his website.