"What will happen is that the FED will continue to taper and the markets will get worried each time and eventually, the markets will go down 10 to 20 percent. Then the central banks will get scared, especially in Washington. Remember, these people are just bureaucrats, these are just academics. That is why they work for the government. They do not know what they are doing. If they get scared, they will start printing money again and then the market will heave a big sigh of relief and go up again." - in Economic Times
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%.
No comments:
Post a Comment