The savvy investor Jim Rogers has reiterated this morning on CNBC that he is buying airline stocks:
I am buying airlines. If you fly a lot, you'll see that you can't get a seat, the rates are going higher. The capacity is going down and the demand is still there.
Rogers also noted that he's "been short Fannie Mae since I came here three years ago or four years ago," adding that "I'm short lots of banks."
I like Rogers, but he is certainly a hit and a miss kind of investor and this must have been a hell of a miss.
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