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%.

Tuesday, July 27, 2010

Jim Rogers : I am not buying BP Shares on CNBC 7/27/10

Jim Rogers, chairman of Rogers Holdings, told CNBC why he would not be a buyer of BP shares right now.
Jim Rogers : I am not rushing into buying BP , I am not short BP I am not doing anything I am watching because I know from previous experience that these things take a long time and that it takes plenty of time to do something later on , I will say Anna that this is going to put more pressure on the price of oil because this means less drilling more expensive drilling , less drilling more expensive drilling means less oil , , less oil means higher prices down the road ......Jim Rogers believes that BP have done what it was required to be done in fixing the oil spill....

Jim Rogers : The bond market is a bubble waiting to burst.

Jim Rogers "I'm watching the bond market, I have no longs and no shorts… It is a bubble which is developing; it's one of the few bubbles in the world which is developing." "I think it's going to be a disaster and I plan to be selling them short sometime in the foreseeable future,”
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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