When will we see the "Big" stock market correction? "This will end badly".

[Dave44]

When will we see the "Big" stock market correction? "This will end badly".

Jim Rogers(co founder with Soros of the Quantum fund) thinks it could be as soon as 2015! The enormous size of the national debt means the correction will be enormous too. Here is the story. You are, of course free to find your own coverage!

Famed Investor?s Dire Warning: ?This Is Going to End Badly? Be Prepared, Be Worried, and Be Careful? | Video | TheBlaze.com

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[h=1]Famed Investor’s Dire Warning: ‘This Is Going to End Badly… Be Prepared, Be Worried, and Be Careful’[/h] Dec. 4, 2013 10:38pm Jason Howerton

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Famed investor Jim Rogers is predicting a disastrous scenario for the global economy. “Eventually, the whole world is going to collapse,” he told CBC in a recent interview.
Rogers said “we in the West have staggering debts,” noting that the United States is the “largest debtor nation in the history of the world.”
“This is going to end badly,” he warned.
Zero Hedge breaks down Rodgers’ thoughts on the “commodity super-cycle” and increasing energy production through fracking:

However, the co-founder of Soros’ Quantum fund is convinced that the commodity super-cycle is far from over, but driven by supply constraints (and cost increases) as opposed to demand from higher growth. The following interview provides more color on his commodity view as he re-iterates his bullish stance on Ag (with sugar a focus) and Natural Gas (some harsh natural realities coming), warning “don’t get too excited about fracking,” when he talks energy products.
Rogers, in his inimitable way, sums up the state [of] euphoria that many markets find themselves in thus, “we are all floating around on a sea of artificial liquidity right now. This is not going to last.”
​

Rogers went on to warn of the “next crisis,” which he predicted may occur in 2015 or 2016.
“The next correction when it comes, because the debt is so very high — you know, 2008 was worse than 2002 because the debt was so much higher. You wait until 2015 or 2016 when the next crisis hits… debt has gone through the roof, the next one’s gonna be really bad”
His advice: “Be prepared, be worried, and be careful.”
Watch the interview via CBC below:"

 

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[Native Floridian]

Yawn.


Jim wrote a great book a while ago "Investment Biker"" detailing his round the world motorcycle trip with his trophy girlfriend. Great read! Though I'm sure only a few here would have an interest.

We can add Jim to the long list of shorts. Right more than he is wrong. Got it wrong on China a few years back but right big time on Gold this year. Note again he was on short side.

As for this prediction - markets run in cycles, just like the weather. If you predict rain everyday sooner or later you'll be right. The best move is to be prepared and have your umbrella with you.

As a financial adviser, that's exactly what we do.

 

[NHBandit]

Famed investor ? Is he one of the guys I see on tv late at night peddling books on how to get rich in real estate using someone elses money ? Seriously though. Big time investors aren't going to tell us peons what they really think. They count on us doing the opposite of what makes sense to make their profit from our misfortune. If I want the price of gold to go down for example so I can buy some, I'm going to tell everyone who will listen that gold is a bad investment.

 

[Native Floridian]

Famed investor ? Is he one of the guys I see on tv late at night peddling books on how to get rich in real estate using someone elses money ? Seriously though. Big time investors aren't going to tell us peons what they really think. They count on us doing the opposite of what makes sense to make their profit from our misfortune. If I want the price of gold to go down for example so I can buy some, I'm going to tell everyone who will listen that gold is a bad investment.

Roger's doesn't have to peddle his books. He is well respected.

Your take on the markets is a little off. The stock market is not a zero sum market. A zero sum market is a market where for every winner there is an equal loser on the other side of the trade. Commodities are zero sum investments.

back to the stock market, if you sell a 1000 shares of GE, for instance, and you made a profit, the buyer of that stock has not lost any money. The future direction of the stock will determine that buyer's outcome. In that way, in the stock market, no one profits from another's misfortune.

Commodities are a different story. Every contract has one buyer and one seller. All commodities contracts have an expiration date. By expiration date one will be right and one will be wrong. Even there, though one investor will lose money, i wouldn't term profiting from another's misfortune. More like like profiting from another's wrong guess.

Those who sell the market to profit are called shorts. They go short the market. As the market falls in price they profit. ( one can make a profit in falling prices as they can in rising prices). i mention that to say this: Rogers is well known short.

That said he does not have a rep for trying to manipulate markets. He is just smart guy with an opinion who puts his money where his mouth is.

 

[NHBandit]

Thanks NF. I admit I'm not stock market savvy. What little I have is invested in hot rods, tools, and a decent coin collection. All of it has done better than the stock market over the long term. And everything I own is paid for.

 

[Unclebuck257]

NF,

On this subject and the topic, as little as I know compared to you, I agree completely with all you've said about the statement maker and your diagnosis.