Jim Rogers on The Financial Stocks

Jim Rogers : Bank of America has been in trouble the last couple of years and will continue to be in trouble, yes. Bank of America´s made a lot of premature decisions in the past five, ten years, and now they should go bankrupt. I think American bank stocks are going to continue to have serious difficulty. The stocks are not going to do much. They may continue to trade in training ranges. They´ll go up down, up down, up down, but they´re not going to go anywhere for a long time. America made a really terrible mistake in finance in the past 20 years, we?re going to pay for them. Those stocks will not be a good place to be for a long time to come. I have sold short one large American bank. I would not think about buying, unless somebody´s a good trader . I would not think about buying American banks including Bank of America. Now, again, it could trade from five to eight or five to ten. But as far as going up a lot it´s not going to happen with Bank of America or other bank stocks.- in Eleconomista.es