What I suspect it will happen in the U.S. stock market is, it is going to have some kind of correction somewhere along the line for whatever reason and then everybody will call up Washington and say, “Oh my God! You have to save us, civilization is at risk. You will ruin your reputation and our work.”
The bureaucrats and politicians that are not terribly smart, they will panic and they will come to the rescue. I do not know what they will do, they will do something to calm everybody down and I suspect the market will turn around and have another big rally.
also:
I am still long Japan, I would like to buy more if I find the right opportunity, the right thing. I think that Japan is going to turn into a bubble again. It has been 25 years since they had a bubble in Japan, so maybe they are overdue.
Prime Minister Abe and the head of the Central Bank seem determined to do whatever it takes to drive things higher. They said they will print, in their words, unlimited amounts of money, so I am afraid it will turn into a bubble but in any case, I am still buying.
also from Zero Hedge:
Two years since his last interview with us, investor Jim Rogers returns and notes that the risks he warned of last time have only gotten worse. In this week’s podcast, Jim shares his rational for predicting:
- increased wealth confiscation by the central planners
- a pending major financial market collapse
- gold’s return as the preferred safe haven investment
- more oil price weakness, followed by a trend reversal
- Russia’s rebound
- a China bubble reckoning
- agriculture’s long-term value
….read entire interview HERE
Jim Rogers is a legendary investor that co-founded the Quantum Fund and retired at age thirty-seven. He is the author of several investing books and also a renowned financial commentator worldwide famous for his contrarian views on financial markets.
