Investment Guru Jim Rogers who founded Quantum fund with George Soros.
http://www.reuters.c...N29515920070705
Jim Rogers says SELL Wall Street
Started by
hamakua
, Jul 13 2007 06:31 AM
3 replies to this topic
#1
Posted 13 July 2007 - 06:31 AM
#2
Posted 13 July 2007 - 07:22 AM
Investment Guru Jim Rogers who founded Quantum fund with George Soros.
http://www.reuters.c...N29515920070705
He also recommended selling emerging markets for the time being. The way he put it... "there are probably 10,000 MBA's in airplanes right now flying all over the world looking for the next hot company in the emerging markets to invest into"
Or something along those lines.
Basicaly, he thinks there is a correction coming in the emerging markets.
Chineese daytraders opened millions of brokerage account in the first few month of this year alone, btw. How's that for the sentiment. Smells like the Nasdaq 2000.
Edited by ogm, 13 July 2007 - 07:22 AM.
#3
Posted 13 July 2007 - 12:03 PM
Chineese daytraders opened millions of brokerage account in the first few month of this year alone, btw. How's that for the sentiment. Smells like the Nasdaq 2000.
Ohh, yeah... millions investors in 1.5 trillion country. China is America 100 years ago. If you can wait till 2029, you'll be fine....
BTW.... P/E ratio on Russian market is only 11. Are you too spooky to invest in Putin's economy? I'm not... having RSX on my investment account....
#4
Posted 15 July 2007 - 08:38 PM
I don't want to invest in Russia, plenty good liquid places to invest into and trade. P/E has nothing to do with it.
Russian economy is all based on commodities. I don't even like commodities Besides all commodity stocks trade with low P/E's
You can invest in just about any commodities ETF or commodity country and get a better liquid investment.
Edited by ogm, 15 July 2007 - 08:46 PM.