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%.

Wednesday, July 8, 2015

Jim Rogers: Greece and China are scaring people




ET Now: How about a correction that we are seeing for the last couple of days?
Jim Rogers: What it means is that Greece and China are scaring people. All of these things coming together are making the price of oil go down, but the way markets work when something has a big collapse, there is an automatic rebound after a while. In America, we call it a dead-cat bounce. There is a big bounce and then the market rechecks the low. they go back and have a test of what happened before.

I feel that is what is happening now. It always happens. So, I expect oil to have an automatic normal recheck at the lows.



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%.

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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