Monday, December 1, 2014
Stock Market has downside put protection
If the stock market goes down — say, you pick the number, 13%, 23%, who knows — everyone will be screaming, and Mrs. Yellen and her friends will say, 'Oh, we're sorry, we didn't mean to hurt you,' and they will loosen up again. One way or the other, the markets will heave a sigh of relief, have a big rally, maybe even turn into a bubble, at which point I hope I'm smart enough to try to short stocks in the US.
Jim Rogers is a smart investor who co-founded the Quantum Fund with George Soros in 1973. By 1983 the fund gained more than 4000 percent.