Long China, Short Junk Bonds & Tech Stocks

I am long China and I am short American junk bonds, I am short some other American stocks, I am short the technology stocks. As you probably know there have been 4, 5 or 9 stocks in America that never go down. I am short those stocks. (iShares FTSE/Xinhua China 25 Index ETF (FXI), SPDR Barclays Capital High Yield Bond ETF (JNK))

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.

Markets: The Problems Are Now Hitting Us And Its Going To Get worse

The American stock market has been worse than the Chinese stock market. The Chinese stock market in 2015 was one of the best stock markets in the world. The American stock market was down last year. So it started in America and in Europe and China is catching up and its catching up in a big, big way.

My basic point is we have had a lot of excesses in the last 7 years, we have not had any major decline in the American stock market, we had staggering amounts of money printed, huge amounts of debt built up and we are now paying the price. Do not blame it on China. If you want to blame it on someone, blame it on the Federal Reserve. The problems are now hitting us and it is going to get worse.

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.

Markets: It Does Not Look Good

It looks like 2016 is going to be the year that we all have to pay the price for a lot of bad policy over the last 7 or 8 years. It does not look very good. (SPDR S&P 500 ETF Trust (SPY), SPDR Dow Jones Industrial Average ETF (DIA), iShares MSCI Emerging Markets Index ETF (EEM), iShares FTSE/Xinhua China 25 Index ETF (FXI))

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.

China Is My Largest Long Position

China is my largest long position. My largest positions are airlines and tourism in China and the collapse in the price of oil has been good for airlines all over the world. Tourism is booming in Asia, pollution control. I have been in Beijing 3 times in the last month and it is filthy, it is horrible! Somebody is going to make a lot of money cleaning up China.

Related: iShares FTSE/Xinhua China 25 Index ETF (FXI)

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.

Crude Oil: How To Look For A Bottom In Prices

Oil seems to be making a complicated bottom. I am not a technician but I know how they think. And when a lot of bad news come out and oil does not go down maybe it is making a bottom. (United States Oil Fund LP ETF (USO), Nymex Crude Oil futures, Energy Select Sector SPDR ETF (XLE), Marathon Oil (MRO), ConocoPhillips (COP), Exxon Mobil (XOM))

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.

Global Markets: Watching, Looking For Opportunities

I am not really putting my money anywhere. I am mainly watching. I am short U.S. stocks and I am long China. I am looking for maybe some more shorts in junk bonds, I would like to short more junk bonds in the United States. And I am looking for opportunities.

(SPDR Barclays Capital High Yield Bond ETF (JNK), iShares iBoxx $ High Yid Corp Bond (ETF) (HYG), SPDR S&P 500 ETF Trust (SPY), iShares FTSE/Xinhua China 25 Index ETF (FXI))

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.

Many Reasons For The Global Sell Off

It is probably because of what is happening in the Middle east. The Middle East is a tinderbox. The economies in the Unites States, in Europe and in other places are slowing down too, so there are many reasons (for this global sell off).

(iShares MSCI Emerging Markets Index ETF (EEM), SPDR S&P 500 ETF Trust (SPY), Market Vector Russia ETF Trust (RSX), SPDR Dow Jones Industrial Average ETF (DIA))

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.