JIM ROGERS – Sell Everything & Run For Your Lives
MyDailyInformer.com
December 23, 2015
Erin sits down with famed investor Jim Rogers to talk about Russia, agriculture and China. Rogers is bullish on agriculture and likes China. But he sees the Chinese purchase of the Waldorf-Astoria hotel as a top of the market kind of “trophy” acquisition. Jim also comments on whether a US equity bear market is on the horizon.
End of the bull market. Market breadth is waning as evidenced by the lower number of stocks hitting new highs and trading above their 200-day moving averages. Small cap stocks have already corrected over 10 percent and almost half of the Nasdaq is down 20 percent – a bear market already. Where is this headed? Consolidation is the bare minimum. But, depending on the real economy, it could be worse. Take a look!
“Any pension plans, endowments, etc., are suffering because they invest for the futures and are finding that their situation has gotten worse,” he says. “We are doing this at the expense of people who save and invest. We are doing it to bail out the people who borrowed huge amounts of money. The consequences are already being felt.” Rogers also boldly predicts that North Korea and South Korea will merge within the next five years.
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