China Stocks: The Government Should Not Intervene

First, if they have been intervening and I do not know, but apparently they have, that is not good for any market. When you have something, a Government or anybody artificially interfering in a market, it creates an artificial situation and artificial situations are not stable.

The stable markets are the ones that collapse, hit their bottom, make a firm solid bottom and then start over again. So I wish, and I hope that the Chinese would stay out of it, it is painful for a while and I own Chinese shares, so it will not help me certainly, but I would prefer to see them let the markets take their own course.

Tickers: iShares FTSE/Xinhua China 25 Index ETF (FXI), iShares MSCI Emerging Markets Index ETF (EEM)

Jim Rogers is a legendary investor that co-founded the Quantum Fund and retired at age thirty-seven. He is the author of several investing books and also a renowned financial commentator worldwide famous for his contrarian views on financial markets.

What`s Ahead For The Markets

I am not sure if its this fall or next year but what may happen is: we may have problems in the markets, people will call the Central Bank in panic.

The Central Bank is made up of bureaucrats and academics that do not know what they are doing. They will panic too and they will do something, who knows what. Then we will have another rally and in my view that will probably be the last rally because the markets are catching on that this is artificial and this cannot go on forever.

Jim Rogers is a legendary investor that co-founded the Quantum Fund and retired at age thirty-seven. He is the author of several investing books and also a renowned financial commentator worldwide famous for his contrarian views on financial markets.