Jim Rogers started trading the stock market with $600 in 1968.In 1973 he formed the Quantum Fund with the legendary investor George Soros before retiring, a multi millionaire at the age of 37. Rogers and Soros helped steer the fund to a miraculous 4,200% return over the 10 year span of the fund while the S&P 500 returned just 47%.

Thursday, May 2, 2013

Jim Rogers : The U.S. housing Market is recovering for artificial reasons



LB:  What’s your opinion on the U.S. housing market? Do you think it’s a legitimate recovery? Or do you think it’s just another bubble forming based upon runaway money printing by the Fed?
Jim Rogers :  I’d hardly call it a bubble yet. It’s recovering, but it’s recovering for artificial reasons. Yes, they’re pumping huge amounts of money into the market, not just in the U.S., but all around the world. And that money’s sloshing around. So we do have an artificial recovery. I mean, you give me a trillion dollars and I’ll show you a very good time. Some people are having a good time right now. But it is definitely artificial. - in wallstreetdaily




Jim Rogers started trading the stock market with $600 in 1968.In 1973 he formed the Quantum Fund with the legendary investor George Soros before retiring, a multi millionaire at the age of 37. Rogers and Soros helped steer the fund to a miraculous 4,200% return over the 10 year span of the fund while the S&P 500 returned just 47%.

Jim Rogers : Asking me about Market timing is a waste of your time. I’m the world’s worst market timer


Jim Rogers :  I hedged some earlier. Unfortunately I didn’t stay with it long enough. I closed them very quickly. I don’t know. Asking me about market timing is a waste of your time. I’m the world’s worst market timer. I’m the world’s worst trader, so I don’t know. I’ll have to leave that to other people. - in wallstreetdaily



Jim Rogers started trading the stock market with $600 in 1968.In 1973 he formed the Quantum Fund with the legendary investor George Soros before retiring, a multi millionaire at the age of 37. Rogers and Soros helped steer the fund to a miraculous 4,200% return over the 10 year span of the fund while the S&P 500 returned just 47%.

Jim Rogers: Markets usually go too far on the upside and too far on the downside

 Lou Basenese:  Thanks for taking the time to speak with us. First question I have concerns gold. You’re on the record right now with Business Insider saying it would be normal for the price of gold to come down to $1,200 or $1,300 an ounce. Is there any reason, fundamentally, that you think it could go lower than that?

Jim Rogers:  The fundamental reason could be the market. Markets usually go too far on the upside and too far on the downside. If you start having people getting margin calls or getting scared and getting hurt, then yes, it could continue to go down. But I don’t know if you would call that fundamentals or market. But there is a lot of gold out there that people have bought in the past decade, and some of that could come to the market as people get scared. - in wallstreetdaily




Jim Rogers started trading the stock market with $600 in 1968.In 1973 he formed the Quantum Fund with the legendary investor George Soros before retiring, a multi millionaire at the age of 37. Rogers and Soros helped steer the fund to a miraculous 4,200% return over the 10 year span of the fund while the S&P 500 returned just 47%.
Jim Rogers "the 19th century was the century of the UK , the 20th century was the century of the US , the 21 st century is going to be the century of China "
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