Markets: Most Stocks Are Going Down

There is a lot of money floating around and most of it is going into a few big stocks that people know and will buy at almost any price but most stocks are going down. (SPDR Dow Jones Industrial Average ETF (DIA), SPDR S&P 500 ETF Trust (SPY))

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.

Investing: Buying A Stock And Own It Forever

What I like to do is to buy things and own them forever.

What success I have had in investing has usually come from buying stock that is very cheap or that I think is very cheap because even if you are wrong, when buying something very cheap you are probably not going to lose a lot of money.

Of course that buying something simply because it is cheap is not good enough because it can stay cheap forever. So, you must see a positive change coming, I mean something that within the next 2 or 3 years most people will recognize as a positive change.

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.

The Deutsche Bank (Deutsche Bank AG (USA) (NYSE:DB)) Is Broke

The Deutsche Bank is broke. The Deutsche Bank (Deutsche Bank AG (USA) (NYSE:DB)) is the largest bank in Germany, it is a gigantic institution, it has trillions of dollars in derivatives, off balance sheet derivatives. If that goes, you look out the window because you are going to see a gigantic storm coming.

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.

Forex: The EURUSD Will Go Below Parity

The EUR/USD will go below 1.0000, there is no question about it because when the turmoil comes and some of the turmoil will come from Europe, many European countries have problems, the central bank will print a lot more and that will make the whole thing much worse.

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.

World Economy: We Are Heading Into A Disaster

We are heading into a disaster. Look out the window and you might see it coming. Its that close.

Just about everywhere in the world is going to have serious problems in the next 2 or 3 years. My fear is that is is going to last a lot longer than 2 or 3 years. 

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.

Zero Interest Rates All Over The World

We have a horrible situation going on and it is going to end unbelievably badly.

What we want to do is to survive and then thrive. These guys are going to make a big, big mess of what is coming and if we can figure out how to thrive and make money it will be terrific.

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.

What`s Ahead For U.S. Stocks

Stocks in the U.S. have been going sideways for 18 months. That is called distribution. And when you have distribution for a year and a half it usually leads to bad things. (SPDR S&P 500 ETF Trust (SPY), SPDR Dow Jones Industrial Average ETF (DIA), Nasdaq 100 Futures)

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.

Investing: My Number One Advice

My number one advice to everybody is, do not invest unless you, yourself know a lot about it.

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.

Investors Will Flee To The U.S. Dollar Now

I have sold short stocks in the United States, I am long a lot of U.S. Dollars because people will flee to the U.S. Dollar now. (SPDR Dow Jones Industrial Average ETF (DIA), SPDR S&P 500 ETF Trust (SPY), U.S. Dollar)

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.

Markets: Brexit, Global Recession, Next Crisis

The world is already in recession. Parts of Europe, parts of America are in recession and Brexit is just going to make it worse. Everybody should be concerned because the next recession, the next problem will be worse than 2008 because now we have a lot more debt. When you have bear markets something always come along to make it worse. You should be very worried.

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.

Investing Does Not Take Me Too Much Time

I have to invest my money and that is what I do but it does not take me too much time. Actually, I have an office in Singapore but I have never been to my office because I have an office at home. In reality these days if you are an investor you need nothing but a computer.

I do not trade very much and that is why brokerage firms do not like me. I am not very active, I do not buy and sell often as I may hold positions for years.

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.

Emerging Markets: India Got Rid Of The Least Bad Central Banker In The World

It is certainly more than an administrative exit. He was one of the best people in India as far as the government is concerned, the least bad central banker in the world but they got rid of him.

As I said before many times to the Indian press, Mr. Modi is more talk than action, he is not really trying to change India, he is trying to make himself Prime Minister for a long time. this is just another sign that Mr. Modi is not going to change India, he is just going to talk. (iShares MSCI Emerging Markets Index ETF (EEM), WisdomTree India Earnings Fund ETF (EPI))

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.

Trump Could Well Be The Next President

I have no idea who is going to win. I usually do by this stage. It looks it could well be Donald Trump. who might win. I assure you one thing, I never voted for a winner in the U.S. and I am very proud to say that. It might well be Donald Trump who wins but it does not really matter who wins because we are going to have hard times wether he wins or not.

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.

Emerging Markets: Kazakhstan, Nigeria, Iran and Venezuela

Emerging Markets are very different, I am optimistic about Kazakhstan, Nigeria in Africa, Iran and North Korea. Also Venezuela will be a buy soon. I have started buying in Zimbabwe in a small way. (iShares MSCI Emerging Markets Index ETF (EEM))

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.

Not Buying Precious Metals Until They Break Lower

 I am not buying precious metals (SPDR Gold Trust ETF (GLD), iShares Silver Trust ETF (SLV)) until there is another break lower in prices.

Related stocks and ETFs: Market Vectors Gold Miners ETF (GDX), Newmont Mining (NEM), Barrick Gold (ABX), Goldcorp (GG)

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.

Brexit Will Hurt Markets

Brexit will hurt all financial markets because then other politicians may play the card too and the turmoil will worsen. The world already faces many problems as it is and this will just make things worse. (GBPUSD, British Pound, FTSE 100 Index)

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.

Extremely Optimistic About The Future Of China

I am extremely optimistic about the future of China. China will be the most important country in the 21st Century. There will be problems in China along the way. Everybody who rises has problems. So China will have many problems but i do not know what, when, why, how. But China will be the most important country in the 21st Century. (iShares FTSE/Xinhua China 25 Index ETF (FXI), iShares MSCI Emerging Markets Index ETF (EEM))

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.

Markets: Turmoil Ahead Of Us

Be ready for market turmoil ahead of us because of ultra low interest rates. This will change, interest rates will go up! (SPDR S&P 500 ETF Trust (SPY), SPDR Dow Jones Industrial Average ETF (DIA), iShares MSCI Emerging Markets Index ETF (EEM), iShares Barclays 7-10 Year Treasury Bond Fund (IEF), SPDR Barclays Capital High Yield Bond ETF (JNK), iShares Barclays 20+ Years Treasury Bond ETF (TLT))

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.

China Is In Better Shape Than Most Countries

I do not hear about a major crisis in China. China is in better shape than most countries these days. That does not mean China is not going to have problems. (iShares FTSE/Xinhua China 25 Index ETF (FXI), iShares MSCI Emerging Markets Index ETF (EEM))

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.

I Am Short The American Market

I am short the American market but not as big now as I was short in 1987. And if something like that happens again in America which it might well, hopefully I will get it right.

Related: SPDR S&P 500 ETF Trust (SPY), SPDR Dow Jones Industrial Average ETF (DIA)

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.

Traders Are Good For The Markets

Traders are good for the markets because they add liquidity and in all markets the more liquidity the better. Is it an honorable profession? Of course it is. The more traders the better, the more instruments the better.

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.

Markets: Countries Where I Am Looking To Invest

Countries where I am looking to invest are Kazakhstan, Iran, Nigeria. These are countries where good things are happening. Colombia, I have some small investments in Colombia.

I would like to invest in North Korea but its difficult for me because I am an American.

There are some good things happening out there.

Related exchange traded funds: iShares MSCI Emerging Markets Index ETF (EEM)

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.

Some Countries Are Already In A Recession

I assure you there will be a recession. Some places are already in recession, Japan is already in recess. It`s here. People who do not think there will be a recession, look out the window. Many countries and many sectors are already having recessions.

Related trading: iShares MSCI Japan ETF(EWJ)

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.

How To Invest: Buy Low, Sell High

Buy low and sell high. If you can find things that are cheap where there is positive change taking place, chances are you will make a lot of money.

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.

Commodities Will Trade Higher For A While

I suspect are making a bottom, a complicated bottom for most commodities and they will be going higher for a while. (United States Oil Fund LP ETF (USO), PowerShares DB Agriculture Fund (DBA))

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.

China No Longer Able To Fuel World Growth Like It Did In 2008 Economic Crisis

China will not be able to help us much this time as it did last time. Who is going to do the heavy lifting? Be worried and be prepared. There is nobody left.

Central banks are going to print as much as they can, the governments in the U.S. and other places are going to spend as much as they can but eventually the market is going to say, "We do not want your garbage anymore. You are printing all this paper money, you are putting out all these bonds. No. We are not going to take it anymore."

Exchange Traded Funds: iShares FTSE/Xinhua China 25 Index ETF (FXI), iShares MSCI Emerging Markets Index ETF (EEM), SPDR S&P 500 ETF Trust (SPY), SPDR Dow Jones Industrial Average ETF (DIA)

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.

U.S. Dollar: Intellectually & Economically Indefensible

I own the U.S. Dollar right now even though it is intellectually and economically indefensible but unfortunately most things are indefensible too now and that is why I own U.S. Dollars.

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.

Why Is America In Decline?

There are many reasons obviously. The nation peaked and then gone into decline but perhaps the main reason right now if I had to point my finger on one thing it would be the debt in America.

Every nation in the world history that has got itself into such a debt situation suffered. America is now the largest debtor nation in the history of the world and its getting worse every day. When you have a lot of debt it is hard to grow in a dynamic and dramatic fashion.

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.

Crude Oil: Know Reserves Have Been Declining

Know reserves of oil have been declining all over the world for several years except for fracking but fracking cannot make money , they need to have very high prices and of course fracking does not work everywhere. Unless something happens we are going to have a hydrocarbon crisis sometime in the next century. (Energy Select Sector SPDR ETF (XLE), United States Oil Fund LP ETF (USO), Nymex Crude Oil futures)

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.

Trump, Sanders: A Sign Of Difficult Times

Whenever there are difficult times, somebody rises. A man, a white horse, a dictator, whatever you want to call it. Whenever you have serious problems you have new and strange people. So this is not unusual.

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.

U.S. Dollar: Its Correcting But It Will Go Up Again

The U.S. Dollar has been a very strong currency for 2 or 3 years. It is having a correction now but as the turmoil comes back you will see the dollar go up again.

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.

We Are Going To Have A Financial Crisis In The Next 2 Or 3 years

Write it down, we are all going to have a financial crisis sometime in the next 2 or 3 years. (iShares MSCI Emerging Markets Index ETF (EEM), SPDR Dow Jones Industrial Average ETF (DIA), SPDR S&P 500 ETF Trust (SPY), Dax Index, iShares NASDAQ Biotechnology Index ETF (IBB))

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.

Central Banks Have Gone Nuts

They have gone nuts. They think that they are saving us but what they are doing is leading to the eventual destruction of us. (SPDR Dow Jones Industrial Average ETF (DIA), SPDR S&P 500 ETF Trust (SPY), SPDR Gold Trust ETF (GLD))

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.

China: Speculative Frenzy In Commodity Futures

Read the most recent article on how China is trying to cool the trading frenzy in the commodities markets:  Jim Rogers says China right to cool trading frenzy

The new Chinese commodity futures have been heavily traded with average holding periods of just a couple of hours, signs of a speculative frenzy.

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.

Governments Around The World Are Reducing Their U.S. Treasuries Holdings

Many foreign governments are reducing their holdings of U.S. Treasuries, of U.S. government bonds. That is wise. (iShares Barclays 20+ Yr Treas.Bond ETF (TLT), iShares Barclays 7-10 Year Treasury Bond Fund (IEF))

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.

U.S. Stock market: Most Stocks Are Already Going Down

Most stocks are going down in the United States so the signs are already there. But they are not making headlines, they are not visible but it is already happening. Some parts of the U.S. economy are in recession and in the stock market most stocks have been going down. (SPDR S&P 500 ETF Trust (SPY), SPDR Dow Jones Industrial Average ETF (DIA), iShares NASDAQ Biotechnology Index ETF (IBB), Nasdaq 100 Futures, Apple (AAPL))

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.

Markets: Paper Currencies, Real Assets & Agricultural Land

As long as paper currencies are being debased, you are going to need real assets. I do not own agricultural land but it might make sense to buy it now and in fact it is one of the few assets that I would consider buying now. (SPDR Gold Trust ETF (GLD), iShares Silver Trust ETF (SLV), PowerShares DB Agriculture Fund (DBA))

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.

Gold: This Is Not The End Of The Correction

I am not buying gold right now. Gold has rallied four times over the past 3 years, by around fifteen to twenty percent. I am not adding to gold on this run.

Gold bulls will say that the worst is now over but in my view this is not the end of the correction. (SPDR Gold Trust ETF (GLD), Market Vectors Gold Miners ETF (GDX))

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.

The Central Bankers Are Going To Fail

In the end, the central bankers are going to fail because the market has more money than they do. At some point, the market is going to say, we don’t want any more of your paper.

In the meantime, politicians will say, do not worry, we will save you and there will be some market rallies along the way.

But this time it will be too much, and too late. By 2017 there will be disaster everywhere. (SPDR S&P 500 ETF Trust (SPY), SPDR Dow Jones Industrial Average ETF (DIA), iShares MSCI Emerging Markets Index ETF (EEM))

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.

Next Time We Have A Problem It Is Going To Be Worse Than 2008

We had a problem in 2008 because the debt was very high. Now the debt is much, much higher all over the world. Next time we have a problem it is going to be worse than 2008. You should be very worried, you should be very knowledgeable, and you get prepared.

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.

Currencies: Fundamentals Are More Important Than Interest rates

Interest rate hikes often have been beneficial at least in the short term but the fundamentals in the end win out. Sometimes you have to raise interest rates 5 or 10 times for it to make any kind of significant difference.

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.

Housing Prices In London Are Going To Go Down

You can write it down, house prices in London are going to go down. It is a bubble. You must know it is a bubble!

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.

The British Pound (GBP) Is Going To Go Down Wether Britain Exits Or Not

I think the British Pound (GBP) is going to go down wether they exit or not. Britain has gigantic debts, do not have anything to build up the balance of trade. I mean, Great Britain is in trouble. (FTSE index, GBPUSD forex cross, GBPEUR forex cross)

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.

The BOJ Is The Only Buyer Of JGB`s

The central bank of Japan is the only buyer of JGB`s (Japanese government bonds). In America (the Federal Reserve) is not the only buyer but almost the only buyer. Financial markets are paying less and less attention to the central banks actions and its coming a time when the financial markets are going to overwhelm central banks.

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.

Stocks: What To Buy After A Bear Market

When there is a problem in markets, when there is a bear market for instance, you can make a lot of money coming out the other side if you own the companies and the stocks that came through the period unimpaired, the companies that earnings keep going up through the hard times. These are the companies that lead the recovery on the other side. (SPDR S&P 500 ETF Trust (SPY), SPDR Dow Jones Industrial Average ETF (DIA), iShares MSCI Emerging Markets Index ETF (EEM))

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.

Gold: Not Rushing To Buy

I am not rushing in to buy. I still expect a better opportunity to buy sometime in the next 2 or 3 years. If that happens I hope I am smart enough to buy more. (SPDR Gold Trust ETF (GLD), Market Vectors Gold Miners ETF(NYSE:GDX), iShares Silver Trust ETF (SLV))

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.

Markets: Looking To Buy A Russian Tourism Company

I am looking for more investments in Russia. I am trying to buy into a Russian tourism company because I am optimistic about Russian tourism. More people are coming to understand that Russia ((Market Vector Russia ETF Trust (RSX)) is a good place to invest. Russia is not a huge debt nation, it is not like Portugal or the United States. (PSI 20 Index, SPDR S&P 500 ETF Trust (SPY), SPDR Dow Jones Industrial Average ETF (DIA))

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.

Avoiding The Urge To Trade All The Time

If you are not seeing any extremes, its best to fight the natural urge to stay busy and make "this-might-kinda-work" trades. These trades will just distract you, cause stress, and run up your commission bill.

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.

A Fundamentally Sound, Hated Market

I cannot think of any stock market right now that is more hated than the Russian stock market (Market Vector Russia ETF Trust (RSX)). I have learned over the years that if you buy something that is really hated especially if it is fundamentally sound, you are probably going to do OK.

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.

Stock Market: Only A Few Generals Are Holding The Market Up

Often you find in markets that marginal companies start going down first and in the end its really just a few generals that are leading the charge. Most stocks are going down but because the generals are big they hold the market up and people thing everything is OK but the Advance/Decline line is deteriorating. I have seen it many times and it has been happening in the U.S. in the last year or two. Last year only one third of the NYSE stocks were up. (Facebook (FB), Apple (AAPL), Netflix (NFLX), Amazon (AMZN))

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.