Monday, July 30, 2018

Bubbles can go on a long time

Jim Rogers is Bullish and Bearish on the following....

"I am most bullish on probably agriculture commodities, Russian government bonds in roubles, Chinese shares, Japanese shares. Some of these assets are depressed and have a chance to rise.

I am most bearish on FANG (Facebook, Amazon, Netflix, Google) stocks in America. They cannot skyrocket from here. They are certainly turning into a bubble. Just because I said I am not optimistic, doesn’t mean I am going to sell them short, because bubbles really do strange things."

Jim Rogers is an amazingly smart investor who co-founded the Quantum Fund with George Soros in 1973. By 1983 the fund gained more than 4000 percent.