Wednesday, April 2, 2014

Jim Rogers Skeptical About The U.S. Stock Market

I am a little bit skeptical about the U.S. stock market mainly because what is happening is that we for the first time in recorded history we have all major central banks around the world printing huge amounts of money. (...) So we are all living in an artificial ocean of liquidity which has been rising pretty dramatically for several years. I know its artificial and in my view it is a terrible mistake. But when this ocean dries up we are all going to suffer and suffer badly.

Related: SPDR S&P 500 ETF Trust (SPY)

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).