Jim Rogers Predicts Dollar Rally Amid Stock Correction; Sell Dollars on Strength
Posted on: October 29, 2009No comments yet
Jim Rogers, who co-founded the Quantum Fund with George Soros in 1970 and subsequently went solo several years later, is now widely regarded as one of the premier global investors. He’s also been instructive to my investment career since 1991; no other investor has made a bigger mark on my investment strategies than Rogers. I’m sure many other investors have been equally inspired.
Rogers, who now lives in Singapore and is the author of several books on global investing, including my favorite, Investment Biker (Random House), thinks the U.S. dollar is poised to rally at the same time global equities post a long overdue correction. The U.S. Dollar Index is heavily oversold and has plunged 14.5% since hitting a post-August 2008 high of 89.17 last March.
