Rogers wary of US equities despite roaring markets

The Nasdaq reached an 11-year high last week as investors piled into US equities, but Jim Rogers has cautioned on the prospects for the asset class.

In recent months, reported improvements in the US economy have dominated headlines, and stock markets have rallied accordingly. Global fund managers in particular have been increasing their allocation to US equities on better than expected macro data According to Rogers, the US could see an improvement last throughout 2012, but would then be due a correction. He stressed he is particularly concerned about the next two years. "Things look better, but whether it is actually real or not is the question. I am worried about the US, especially in 2013 and 2014," he said. He warned the re...