He says it will be this year or next:
Legendary investor Jim Rogers sat down with Business Insider CEO Henry Blodget on this week’s episode of The Bottom Line. Rogers predicts a market crash in the next few years. One that he says will rival anything he has seen in his lifetime. Following is a transcript of the video.
Blodget: One of the things I’ve always admired about you as an investor is that you don’t talk about what should be. You figure out what is going to be and then, you do that. So what is going to be with respect to the stock market? What’s going to happen?
Rogers: I learned very early in my investing careers: I better not invest in what I want. I better invest in what’s happening in the world. Otherwise, I’ll be broke. Dead broke.Well, what’s going to happen is it’s going to continue. Some stocks in America are turning into a bubble. The bubble’s gonna come. Then it’s gonna collapse and you should be very worried. But Henry, this is good for you. Because someone has to report it. So you have job security. You’re a lucky soul.
Blodget: Well, yeah, TV ratings do seem to go up during crashes but then they completely disappear when everyone is obliterated, so no one is hoping for that. So when is this going to happen?
Rogers: Later this year or next.
Blodget: Later this year or next?
Rogers: Yeah, yeah, yeah. Write it down…
Blodget: And how big a crash could we be looking at?
Rogers: It’s going to be the worst in your lifetime.
Nothing will send that Conservative Policy Mood graph sky-high like this. If you think we were already heading rightward, wait until we experience a major economic collapse. I have no idea if this would be the ultimate Apocalypse trigger. Technically I would expect that to arrive later on, because the elites will do anything to stop it, and they do control everything from the interest rates to the stock prices, courtesy of the plunge protection team if you believe the buzz. The only danger to the K-strategy in this is President Trump being blamed.
President Trump needs to start creating the meme now that he is the one trying to save the economy and avert a collapse. And since it is the left who is trying to stop him, it is the left who should shoulder the blame in the event the collapse happens. This would be reinforced every time the left attacks him, and while it would not be enough to say a collapse is imminent and talk the economy down, it would allow him to blame the collapse on the left should it happen, which will be vital to maintaining control after it.
Spread r/K Theory, because when it all comes down, the rabbits must be the ones who are blamed
This is where I disagree with you a bit. The collapse isn’t going to trigger the K shift, but it may set into motion events that do.
The next big financial collapse/crisis/kerfuffle and the media is going to blame Trump and capitalism and shove the sheep hard to the left (think way left of Bernie). Then a few years after they’ve implemented a Marxist dictatorship like Venezuela, it will collapse (but not before most of us are turned into serfs with no more personal wealth or property rights, and probably mostly disarmed and totally dependent on the state for our very lives) and then we get the K shift and millions die in the conflagration and the only way we get the K shift to move us back to the right, back to the constitution and/or back to free market capitalism is if 90% of the US population is dead and the US broken apart. Then maybe one or two of the new nations that arise will be what the US should be (until we get invaded by Russia or China).
Yeah, I’m an optimist :p
While you could be right, it seems like this time we’re due a reversal from 150+ years of increasing left turns.
I think what follows Trump will be MORE rightist. That does not mean it will be better, but I think Joe Public has about had as much Leftism rammed up his backside as he can take before spontaneously going postal.
Fair or not, whoever is in charge at the time gets blamed. Nixon was reelected in a landslide during a bull run in stocks but was impeached and hounded from office when stocks (and the Social Mood they measure) tanked.
When the debt/stock/asset bubble does finally pop for good, one politician after another will hoist on it.
http://www.socionomics.net/2016/07/it-isnt-the-economy-stupid/
This is a link to interesting insights into what drives election results.
I predict that if stocks detonate, Trump may not run in 2020, and that a Far Right candidate, now unknown, may well carry the day.
Other possibility: A leftist wins in 2020, stocks & mood lose ANOTHER 50% and the left is driven from power for 100 years.
That is possible.
Trump will imprison them for economic sabotage and terrorism. If they run, DEVGRU and DELTA will hunt.
The market is actually sending some mixed signals at the moment. Investors know, or should know, that we see long term cycles in the markets; secular bull and bear trends that tend to last decades. The most recent bear began with the tech bubble during the Clinton administration and lasted up until very recently through the Obama administration. The Dow, and other major indices, have broken out of that trading range indicating the start of another long term bull cycle. The problem is that PE ratios are higher than they should be historically, which could lead to further consolidations.
https://seekingalpha.com/article/4078802-big-picture-fundamentals-vs-technicals
http://stockcharts.com/articles/decisionpoint/2017/06/decisionpoint-weekly-wrap—-692017.html