Sunday, November 16, 2008

Jim Rogers: Bonds will be a terrible investment for next 10,20 years

From Bloomberg:

Legendary investor Jim Rogers says bonds will be a "terrible" investment as economic problems may persist until 2010.

"Stocks in the West are still expensive on any historic valuation method,'' while "bonds are going to be a terrible place to be for the next 10, 20 years,'' Rogers, chairman of Singapore-based Rogers Holdings, said at a conference in Seoul today. Equities in the West will be "in a trading range for years to come,'' he said.

Full article - Bloomberg: Global Stock Market Rout May Continue, Rogers Says

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