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Jim Rogers Says He is Short JP Morgan Chase

By on March 19, 2009

JP Morgan Chase, considered by many to be one of the more sound financial institutions, is a good short candidate according to legendary investor Jim Rogers in a recent Bloomberg interview. He cites JPM’s large derivatives positions and credit card divisions as disasters in waiting.

Mr. Rogers also commented the current rally could last for days, weeks or months, but he considered it a bear market correction.

Source:

http://moneynews.newsmax.com/streettalk/jim_rogers_short_morgan/2009/03/13/191758.html

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