ROGERS HOLDING CHAIRMAN JIM ROGERS TELLS FOX BUSINESS NETWORK THE STOCK MARKET “WILL HIT MORE NEW HIGHS…BUT NEXT YEAR AT THIS TIME, STOCKS WILL BE DOWN”
In an interview on FOX Business Network’s Varney & Co. (weekdays 9a – 12p/ET), Rogers Holding Chairman Jim Rogers tells host Stuart Varney that “I suspect we will hit more new highs [in the stock market], which will surprise everybody, including me, but next year at this time, stocks will be down.”
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On whether the DOW will hit 25,000 in a year from now:
“Oh I suspect we will hit more new highs, which will surprise everybody, including me, but next year at this time, stocks will be down.”
On whether he will be buying stocks if the tax reform deal passes:
“Well, it looks like there’s a blowout in place, and you know, it often happens in markets every 10, 20, 30 years we have them. We may be having one now, but Stuart, I would buy Japan if this happens. Japanese markets are down 50 percent from their all-time high. Chinese stocks are down 40 percent. I’d rather buy low instead of buying high.”
