Investment legend Jim Rogers says the dollar is due for a correction upward and commodities and stocks for a correction downward.
Those would be natural reactions after the extreme recent moves in those markets.
“The dollar is overdue for a rally. Everybody in the world is pessimistic on it, including me,” Rogers told Bloomberg.
“Whenever you have everybody on the same side of a boat, you know it’s time to move to the other side for a while. We may have a rally in the dollar, we may have a decline in perhaps some of the commodity prices or stock prices for a while. . . That’s what always happens.” (more)
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