Beware! time bomb ticking in stock markets:Jim Rogers
Published On: Monday, September 28, 2020 | By: Team KnowMyStock
The next decade is going to be tough for global investors, Legendary investor Jim Rogers believes. In an interaction with ETNOW, he said the worst of his lifetime is yet to come, which will take a huge toll on many of the hyped-up stocks. Commenting on the ongoing trend, where expensive stocks are getting more expensive and cheap ones are getting cheaper, he said this always happens towards the end of a bull market, as people think they are safe, and thereafter, you have a blow-off in the market. “That is what happens now. This is a sign that this bull market is getting very old. Several hyped-up stocks are likely to crash when the next bear market comes,” he said.
He thinks a time bomb is ticking in the technology space. “People are thinking that stocks like Amazon and Alibaba can never go down. I advise investors to read market history that they can go down and they will go down. We will have more bear markets,” Rogers said, adding that Tesla is also not a great stock at current market price.
He said he finds gold and silver safe-haven investment options in the prevailing market condition. “I would be buying more gold and silver sometime this year when they go down,” he said.
Rogers said governments and central banks are printing a huge amount of money. There are chances that people might lose their confidence in governments and can move towards precious metals.
Commenting on the domestic market, he said India is one of his favourite countries in the world. However, he is not an investor in India and most other emerging markets now.
“When the bear market comes, emerging markets like India will go down a lot. India has been building up debt, and I don’t like that,” Rogers said.
Source: https://economictimes.com
Tags: Jim Rogers bull market bear market
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