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.
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.
No comments:
Post a Comment