![Google](http://www.google.com/images/poweredby_transparent/poweredby_FFFFFF.gif)
Rogers: U.S. Stocks Could Still Go Lower
Investor Jim Rogers said on Tuesday U.S. stocks have not touched a final bottom in this bear market and that he is unsure where to invest, although he likely will sell the U.S. dollar and buy commodities.
Rogers told Reuters that efforts to pull the economy out of a steep downturn will not drive a lasting recovery because the government is propping up failing businesses and not allowing them to go bankrupt.
"None of which does much for the economy down the road. It's trying to postpone some pain we're going to have to take," he said in an interview from Singapore, where he lives.
"I don't think the bottom is here, maybe 'a' bottom, but not 'the' bottom. The economy is going to get worse. You can't have a good stock market without a good economy," he said.
Rogers said stocks may rally because of the enormous fiscal stimulus the government will pump into the U.S. economy, but "it's not going to last."
"I don't know where I'm going to wind up putting my money. But at the moment I'm doing nothing but watching," he said. "I may just have to wind up putting it all in commodities because commodities are the only thing (whose) fundamentals are being enhanced."
Rogers co-founded the Quantum Fund with George Soros in 1970. The fund returned 4,200 percent over the next decade, compared with a 50 percent gain in the S&P 500 index.
© 2009 Reuters. All rights reserved. Republication or redistribution of Reuters content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of Reuters.
moneynews.newsmax.com/streettalk/jim_rogers/2009/03/03/187903.html