Would You Trust Jim Roger ?

The Indian Stock Markets danced to the tune of the Bears. The fall has been fast and furious. The losses for the late comers have been massive.

It's a sad tale that is repeated every time the markets make new highs. The so called small investor waits , while the Sensex climbs 5000...6000...
finally ..12000 and then the stories of untold wealth start floating. This is the point of entry for most.

What happens next is what we had a preview of the last few weeks. From 12000+ to 9000 within day. The losses for this group on investors/traders
are huge.

Now we hear the consolation that the India story is intact. This would be fine for those who entered the market at the 4000-5000 levels.
Not for those who have entered at the 12000+ levels.

The view that the India story is intact brings us to our question. Would you trust Jim rogers with your money? This is what he has to say
about the best place to put your money among the three emerging markets. Russia, India and China. To quote:

I wouldn't put a nickel in Russia, I wouldn't put a nickel in India, although I could be wrong about India. My little girl speaks Chinese. She's not learning Hindi.

When Jim Roger's say something like that we have to pause, listen and rethink. He could be wrong and we could be right. Time the great equalizer will prove that. Hope he is
widely off mark this time.

For those who do not know or have not heard about him. You can read up more here.

For those in a hurry here is a brief synopsis:

Jim Rogers is the author of Investment Biker: On the Road with Jim Rogers (published by Random House). An entertaining speaker, he mixes wit with sometimes contrarian wisdom that offers new and enlightened ways to view our world.

He is an investor who has been chronicled in John Train’s The New Money Masters, Jack Schwager’s Market Wizards, and other books. He has been frequently featured in Barron’s, Forbes, Fortune, The Wall Street Journal, and The Financial Times, and most national news publications dealing with the economy or finance. He also has appeared on nearly every news and public affairs television program – both network and cable – and has been a columnist in various media offering his insight on finance, investment, politics, history, foreign policy and social issues and how they interact.