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    Beware! Jim Rogers says time bomb ticking in stock markets

    Synopsis

    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.

    Roger 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.
    Legendary investor Jim Rogers believes the next decade is going to be tough for global investors. 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 happening 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.

    Jim 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.

    “People buy gold and silver when the confidence on currencies get weak,” he said.

    He advised investors to stay with asset classes they know better than others. He said bank stocks are looking very cheap at present. There are huge technological changes happening in this sector. However, one should go with a bank which is up to date and modern.

    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.
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    36 Comments on this Story

    Col v m joneja20 days ago
    Remember 1999, when teck stocks went up, up, up and market pundits said future is technology...hfcl at 2250/ global telesystem 2400/, wipro 10/ fv 50009/-...where are they ? Why buy a 10/- share of MRF for 64000/ or titan 10/- for 12,000/-? What are the returns ? And risk on crashing ? People hung themselves in 1994-95 after Harshad Mehta, merely when market moved fron 2300 to 3700. And now 2003 index crossed 42000 just before Covid..and crashing 40% , moving up again to 39000. What has increased now ? GDP? Employment? Profitablity of small and medium industry and average indian earning crashing down ? When will we wake up from tricks of scoundrels ?
    Col v m joneja20 days ago
    For Indian market, it's on a short fuse. Don't forget Harshad Mehta, ketan Parikh and alike. And now we have more like them boosting a Rs 10 face values to 12,000/- giving meager rs 400/ dividend a year as return. While gdp is deep red, small- medium industry dead, no money available anywhere,what justifies a stock market worth 3000 in 2003 to be 38000? The bomb is definitely ticking and blast will be more severe than crashes of 1985, 2000 and 2008..keep your cash safe and wait for crashes...it's 34 years of experience speaking.
    DIPTISEN20 days ago
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