Saturday, October 6, 2012

Clueless, Ignorant, Dangerous Leaders

Rogers is bullish China long-term but buying Chinese stocks only selectively...
 Faber sees under-the-surface weakness in US equities and while central banks could print us to Dow 30,000; gold and other commodities will be astronomical by then...
 Faber is bearish AAPL, believes its a bubble - but too dangerous to short... Both are uber-bearish central-bankers and politicians...

  Marc Faber: "Both candidates are clueless and completely artificial..." 
 Jimmy Rogers: "It's worse than clueless, because they think they know what they're doing.. and so they are dangerous! If they were just clueless and looked out the window, we wouldn't have a problem, but they think they have the solution - but their solutions are what's making the situation worse...
" Marc Faber: "That is precisely the point. It is very dangerous to have ignorant people believing that they know something!"

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