HAI: Do you think the U.S. stock market is overvalued here? There is a lot of debate about whether stock valuations are too high after this huge rally we’ve seen.
Jim Rogers: I’m sure some are. We might have seen bubbles develop in some sectors such as biotechnology. You see what has happened to those stocks. There may even be bubbles in some other sectors like social media and technology and things like that. In some sectors, it may be a bubble, but no, the whole market is not a bubble. It may be too expensive, it may be too high priced, but an overpriced market is different from a bubble.
I have no idea whether the market is overpriced, but I wouldn’t be buying U.S. stocks. I mean, they’re at all-time highs. There are other markets around the world that are certainly much cheaper on a historic basis. - in HardAssetsInvestor
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%.
