Jim Rogers : Cautious on markets at current levels

http://economictimes.indiatimes.com/Interviews/articleshow/6600915.cms

In an exclusive interview with ET Now, investment guru Jim Rogers says his way of playing is to be long commodities because whether the world gets better or not, commodities are going to do well. But he does worry about stocks because the stock markets are currently pretty high around the world, including India.

Would you be cautious on the Indian markets at the current levels or does everything seem to be hunky-dory?

I am always cautious whenever I am doing anything. The US and the Japanese central banks are intended to print a lot more money around this time. Money supply in the US has grown nearly 8% a year in last months and the Japanese two weeks ago made it clear that they were going to print more money. So we have this money flowing into the world and obviously it is going into the market. Your government, your central bank are going to be more cautious and I hope they are, but in the meantime, the money is going to go somewhere and it is going into stock markets around the world.

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