Jim Rogers: “Always Buy Disaster” – Japan Oil & Nuclear

Posted by Jim Rogers via CNBC

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Rogers recently bought the Japan index and a Japanese agricultural stock. He currently owns yen, but is not buying. When markets collapse, Rogers believes it’s usually a good buying opportunity. He believes Japan’s rebuild will eventually cause a big surge in the country’s 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.