Wednesday, February 3, 2016

Rogers on US Stocks, China, Junk Bonds and US Dollar

What I have done is I’m short in the U.S. stock market – the nine or ten stocks that never go down – Amazon, Netflix…those things. I am short junk bonds in the U.S., 

I am long in China – mainly because I have to be long somewhere. 

So I’m short junk bonds, I’m short the U.S. stock market, I own a lot of U.S. dollars for the reasons I mentioned. That’s mainly where my money is. But who knows if I’ve got it right. I own some other stocks too that I’ve owned for decades.

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.