Jim Rogers is not yet advising investors to sell.
"I don't see any reason to rush out and sell stocks now, because of these artificial currents which are taking place," he said. "I'm not buying U.S. shares at the moment, but I'm not shorting either, because I am concerned this may turn into a huge bubble. So I'm sitting and watching."
So what would persuade Rogers to sell?
"If the market doubles in the next six or eight months, which it's done in the past, then I'd have to start thinking about selling short," Rogers said. But until then, "because of the uncertainty—at least in my mind—I'm not doing anything."- in CNBC
Jim Rogers is a bestselling author, financial commentator and successful international investor. Rogers was a co-founder of the Quantum Fund (considered to be the first truly international fund of its kind) and is the creator of the Rogers International Commodities Index (RICI).
Jim Rogers graduated from Yale University and has a degree in philosophy, politics and economics from Oxford University. Jimmy Rogers became a Wall street legend when he and George Soros founded the Quantum Fund.After his career as a hedge fund manager and investor,Jim Rogers now periodically teaches finance at Columbia University, and appears regularly on the CNBC Cable Network.
Wednesday, October 9, 2013
U.S. Government Not On The Brink Of Default
“They’re not on the brink of default because they can print as much money as they want. Yes, America’s the largest debtor-nation in the entire history of the world. Nobody’s ever been this deep in debt and it’s going higher and higher.” - in RT.com
Jim Rogers is a bestselling author, financial commentator and successful international investor. Rogers was a co-founder of the Quantum Fund (considered to be the first truly international fund of its kind) and is the creator of the Rogers International Commodities Index (RICI).
Subscribe to:
Posts (Atom)