Monday, February 24, 2014

Rogers Bearish On U.S. Long Term Bond

The United States long term bond made its low in 1981 and went up for 31 years. It`s not cheap, you know. Long term interest rates in the world are near historic lows, so they are certainly not cheap. It does not mean that bonds can`t go up more but certainly they are not cheap.

I am thinking about selling them short. I sold them short in the past, I am not short at the moment. If you own bonds you should think about selling them unless they are very short term bonds.

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).