Tuesday, February 18, 2014

Why Japanese Stocks are still a reasonable buy

Prime Minister Abe is spending and printing enormous amounts of money, which in my view will ruin Japan eventually. In 20 years, we’ll look back at Japan, and its death knell will be what Mr. Abe did in 2012-2014.

But in the meantime, there are staggering amounts of money and spending, and printing has to go somewhere, and I suspect a lot of it’s going to find its way into the stock market. Sure, it’s doubled in the last year, but its all-time high is 24 years ago!

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.