JIM ROGERS

JIM ROGERS

Tuesday, May 20, 2014

US Stock Market : Waiting for The last Hurrah


The US is cutting back stimulus while Japan and the EU may be providing additional QE at some point this year. How do you see that playing out? Are emerging markets where the main risks lay?


Jim Rogers : The main risk lies with the US. The US market is near all-time highs. Emerging markets have gone down a lot already. The risk though is everywhere, including emerging markets.



What kind of triggers are you looking for to indicate that a deeper correction may be near?


Jim Rogers : A deeper correction may have already begun for all I know, though I doubt it. Usually what happens when markets peak is that you have marginal players going down first.
We’re already starting to see some marginal countries and marginal companies decline. If you look at the advance-decline statistics in the US stock market for instance – the indices are making highs but the number of stocks which are making new highs has collapsed.
When a more serious correction starts, what will probably happen is that the US will continue to cut back QE, but at some point it will cause enough pain that the politicians and bureaucrats will give in and stop any further tapering. At that point, markets will breathe a big sigh of relief, resume their climb and then it may even turn into a bubble. At that point, it’ll be the last hurrah. - in Asia Confidential – May 2014







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%.





Who is Jim Rogers ?

James "Jim" Rogers was born in Oct. 19, 1942 and grew up in Demopolis, Alabama .Jim Rogers started trading the stock market with $600 in 1968.In 1973 he formed the Quantum Fund with the legendry 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%. They ran what is considered to be one of the first truly global macro hedge funds. . In 1964 he got his first job on Wall Street at Dominick & Dominick in the summer between high school and Yale University, that's how he got his first experience with stocks and bonds. He immediately fell in love with the job. After Oxford, he returned to the U.S. and joined the army in 1970 he returned to Wall Street, working again with Dominick & Dominick. That same year he joined Arnold S. Bleichroeder, where he met George Soros, and together founded the Quantum Fund. This has opened a new era of global macrotrading and inspired numerous imitations and spin-offs. In the book "Money Masters of Our Time," Jim Rogers writes about that time "the most important thing in my life was work. I did not do anything until I had completed my work." To emphasize this professional ethic , it is good to remember that he did not made any holiday for ten years. In 1980, Jim Rogers has decided to "retire" at 37 years. Since then he has spent much of his time traveling and supporting the causes of philanthropic and taking on many high profile roles in the media. However, he continues to be an active investor and media commentator

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 "