Jim Rogers not shorting anything or buying anything
“I have no shorts for one of the first times in my life,” Rogers, a co-founder with George Soros of the Quantum Fund, told Reuters TV in Singapore. “On the other hand I don't see much to buy.”
The above quote from a Reuters story picked up by the Globe & Mail sort of shows the current state of the market. I don't follow Rogers closely but I can't recall him not buying, or shorting, something over the last 5 years. I think this is a sign that the market is neither overvalued nor undervalued.