July 28, 2011

I Own The US Dollar Because Everyone Is So Pessimistic About It

I own the US dollar because everyone is so pessimistic about it, and usually when that happens something comes along to cause a rally. Everybody sold the dollar under the current scenario, and that could well change. - in BusinessInsider

Related: PowerShares DB US Dollar Index Bullish (NYSE:UUP)

Jim Rogers is an author, financial commentator and successful international investor. He has been frequently featured in Time, The New York Times, Barron’s, Forbes, Fortune, The Wall Street Journal, The Financial Times and is a regular guest on Bloomberg and CNBC.