Famed Investor Jim Rogers Issues a Market Warning: ‘You Better be Worried’
- Posted on April 24, 2012 at 7:45am by
Jonathon M. Seidl
- Print »
- Email »
Famed investor Jim Rogers, a regular on the likes of CNBC and a past guest on ”The Glenn Beck Program,” has made a living predicting the stock market. So when he says “you better be worried,” you might want to listen up.
“Now I’ve been investing for a long time and I have noticed when good news comes out and stocks go down, something’s wrong,” he told Fox Business on Monday. “I don‘t know what’s wrong. But I know we’ve had a great first quarter. One of the best first quarters in history. And now good news is coming out and stocks are going down.”
Not surprisingly, Rogers is currently a fan of commodities. What he’s not a fan of? The outlook for 2013.
“First of all, we have tax increases Januarly 1,” he said. “Secondly, we’ve had recession every four to six years … . Next year is four to six years.”
(H/T: Business Insider)
Comments (43)
Sign In To Post Comments! Sign In
Popular Stories
Does Misstated Marathon Claim Prove Paul Ryan Is Dishonest? (POLL) 688 Comments
‘Jumah at the DNC’ Speaker: ‘Muslims Visited America Prior to Columbus’ & ‘It Was a Muslim’ Who Guided Him to the ‘New World’ 536 Comments
Paper Details Obama Admin’s Alleged Secret Note Sent to Iran: If Israel Attacks, We Won’t Get Involved 460 Comments
Obama: RNC Like Watching ‘Black-and-White TV’ Because Romney ‘Did Not Offer a Single New Idea’ 374 Comments
Roseanne Barr: Most Billionaires ‘Violent Pedophiles’ & ‘Heartless’ Cocaine Addicts 333 Comments
Faith
This Is the Creationists‘ Response to Scientist Bill Nye’s Viral Pro-Evolution Video Claiming They Harm Children 304 Comments- Pakistani Muslim Cleric Accused of Framing Disabled Christian Girl in Koran-Burning Case Read More
- ‘Made Up Religion’: TV Historian Enrages Muslims, Receives Threats After Producing UK Documentary Questioning Islam’s Beginnings 316 Comments
Meet the Controversial German Imam Accused of Brutally Beating His Wife & Pushing Sharia Law Read More
‘Self-Proclaimed Messiah’ & Unification Church Leader the Rev. Sun Myung Moon Has Died — Here’s His Life Story Read More
Business
President Obama Issues Major ‘Green Energy’ Executive Order 215 Comments- Germany’s Upcoming Court Ruling Will be Huge for the EU Read More
Ford Looks to Beat Toyota for Best-Selling Car in 2012 With This Model 148 Comments
Bernanke & QE3: Here’s What You Need to Know Read More- ‘Extortion’: Why Did the Labor Department ‘Drop the Hammer’ on Oregon Farmers? 301 Comments
Technology
- This Is the Creationists‘ Response to Scientist Bill Nye’s Viral Pro-Evolution Video Claiming They Harm Children 304 Comments
‘TaserDrone’: Hackers Weaponize Quadcopter With Actual ‘Shocking’ Technology Read More
Ever Heard of the Wild ‘Burning Man’ Festival in the Middle of the Nev. Desert? Here’s Your Primer Read More
Stanford Develops Technology ‘Better Than Steroids’ for Athlete Recovery Read More
Have You Pretended to Know What ‘the Cloud’ Is? You’re Not Alone Read More
Submitting your tip... please wait!
PardonmeToo
Posted on April 25, 2012 at 10:50amIt is very interesting that Glenn has such high regard for Jimmy Rogers and such disrespect for his partner George Soros. How can this be or is Glenn just taking his eye off the ball to deal with this wealthy investor regardless of his association with the wonderful Soros?
Report Post »spurjimmy
Posted on April 24, 2012 at 3:39pmWould be nice if I could read some comments over all the pop ups and banners littering the content.
Report Post »Crazythistle
Posted on April 24, 2012 at 4:47pmI agree. The Blaze is so “ 2005” with the pop up ads and all. Getting really sick of it, but I guess they need the money…
Report Post »tommyB
Posted on April 24, 2012 at 7:35pmYeah I agree, it makes me question the integrity of the whole site and makes me a bit wary of the content in it. But where else can we hear the truth?
Report Post »cliffchism
Posted on April 24, 2012 at 11:50pminstall ghostery and adblock. it’s working well for me. and, i agree. i shouldn’t have to block 17 anything, just to read an article. but, it’s his business. blocking that junk is mine…lol
Report Post »RailRoadCar9
Posted on April 27, 2012 at 7:07pmgod i love readint the comments you can defently tell who is a progress troll and who isnt, jimn rogers is a self made man who worked hard and made it George soro has made him money mostly on the destruction of others
Report Post »LadyLibertykicksASS
Posted on April 24, 2012 at 2:41pmObama and Bernanke and Geigtner have pumped about 31 Trillion Dollars into our economy…….What is
Report Post »Lurking out there in the real possibility of “Super Inflation”. The value of our money will drop to the point that you will need a wheelbarrow full of money to buy a loaf of bread!!!. The Treasury has to start pulling all the excess money out of the economy carefully or everything will crash…..Do you really Trust Timmy G. to get it right???????
Unix
Posted on April 24, 2012 at 3:01pmIt is called STAGFLATION, go look it up. High unemployment (check), stagnant wages (check), and hyperinflation (soon to come). All ingredients are here, just a matter of a short time until it is cooked. Add to that violent protests for Communism = Occupy, and Unions, and a possibility of a race war, geopolitical war and presto change-o, a collapse of great magnitude, affecting everyone!
Report Post »gypsy639
Posted on April 24, 2012 at 12:19pmAn economics lesson from an old banker. Thanks to Bernake, banks in the US have approx. 3 T of EXCESS reserves. US corps have approx. 2 T in their treasuries. Eventually banks will lend (that’s in their DNA) and US Corps will hire. Econ 101 called multiplier effect. Every dollar lent by banks creates seven (7) in the economy. Every dollar corps spend on salaries creates five (5) in the economy. Simply math = 3 X 7 = 21 T. 2 X 5 = 10T. 21 + 10 = 31 Trillion dollars flooding our economy. The total US economy approx 17 Trillion. Even an country banker knows that is recipe for financial devastation. The problem is only getting worse. Bernake is still manning the presses and is in lock step with the ruinous Obama administration. Whoa is us.
Report Post »old construction worker
Posted on April 25, 2012 at 4:40amSo, what you are telling me that my 2 plain cake donnuts and samll cup of coffee that now cost me $2.95 (it was $2.45 when Obama was elected) will cost me almost double when $31T hits the streets.
The people on Fixed Income are going to be ticked off.
Report Post »rfycom
Posted on April 24, 2012 at 11:14amOh yeah here is what I want to do listen to someone who makes money off of money. Stick my nose in the rich man’s crack. It ain’t going to happen people.
Report Post »Unix
Posted on April 24, 2012 at 11:53amYa? And I want a rose colored crystal ball like you have, LOL, keep your head in the sand, it becomes you!
Report Post »Bonnieblue2A
Posted on April 24, 2012 at 4:12pmWould you rather listen to a man who knows nothing about money tell you about money? Obama perhaps?
Report Post »Unix
Posted on April 24, 2012 at 11:05amYes, my friends I got caned, as I grew up in Jamaica (another old British) colony. You made a grade of C you got 3 strokes, and so on, as you go down the ladder of grades you got more strokes. You get in a fight and it was 10 strokes and so on…it worked somewhat for me! I was beaten just because I was white, but I learned to fight well, and took the strokes anyway, because I was not about to be bullied!! Anyway, I have followed Jim, Schiff, and others for quite some time, and watched their moves, and they have been very correct. Gerald Celente is another one, who has been dead on too, and most folks have their heads so far up their butts, as to ridicule them, LOL…no, this economy is going to crash and burn, whether it be this year or next, or 5 years down the road, nobody really knows. I believe things will take a big turn for the worse come May, then steadily get worse and worse, as the illegal Fed is out of bullets now. All the Fed can do is keep rates artificially low, and print fiat dollars as fast as they can, then it will be STAGFLATION, game over. I’ve been warning people for years now, to prepare for hell on earth, coming real soon, but have been laughed at and called many names. Doesn’t bother me a bit, as I am ready, they are not, woe be unto those who are unprepared, they will be gnashing teeth in the end. May God bless you all, and I hope you find peace in your decisions, right or wrong!
Report Post »lukerw
Posted on April 24, 2012 at 10:28amWhen you Law fails… to protect you from your Government… you have No Law!
Report Post »sickofthelies
Posted on April 24, 2012 at 10:12amOne thing for sure, there is no retail market volume in stocks currently. Individual investors buying in today‘s market is like grabbing an handle on Haley’s comet…going in circles with out any control. Seniors are unable to invest in conservative income options due to low interest rates. Hyper inflation next?
Report Post »makeemstop
Posted on April 24, 2012 at 10:05amTheir isn’t One but A LOT of Pink Elephants in the room, all of which contradict why the markets are doing as well as they are. Most of which isn’t new news either, but apparently reality is waiting on element of surprise.
Report Post »TROONORTH
Posted on April 24, 2012 at 9:58amIf you lock enough economists in a room with enough word processors, sooner or later one of them will come out with a prediction that is right. Time to start locking them up . .. … . .. .
Report Post »jungle J
Posted on April 24, 2012 at 9:49amquit paying the lazy and we will be awash in money…how stupid are we? stupid enough to charge a 250 dollar ticket to see some sports person play and we won’t pay our own bills…those are the lazy too.
Report Post »BOMUSTGO
Posted on April 24, 2012 at 9:38amThere is no escaping it, the NWO will be formed. This is all part of the plan.Do we go down like sheep to the slaughter, or do we go down swinging????
Report Post »pwatkins
Posted on April 24, 2012 at 9:36amThanks Blaze…always good to be prepared.
Report Post »mrgromit
Posted on April 24, 2012 at 2:25pmYup! whether it’s financial meltdown or zombie attack, we need to prepare ourselves.
Report Post »SpankDaMonkey
Posted on April 24, 2012 at 9:33am.
All one has to do to know something is amiss is go fill your gas tank, or go to the grocery store…….
We feel it Jim, well at least those of us who work for a living……
Report Post »G-WHIZ
Posted on April 24, 2012 at 9:45amThe comment’s comming out because King-O’ needs to be re-innaugerated. This is “bad” news ao the market goes down, but for only a comparitively short time.
Report Post »chips1
Posted on April 24, 2012 at 7:21pmOMG!! The King has no clothes. OMG!!!! The King is a Queen!!!!
Report Post »OldVietVet
Posted on April 24, 2012 at 9:18amThere is no way to avoid the pain of the correction to come–Even if we elect enough conservative Republicans to take back the Senate and retain control of the House AND elect Romney as POTUS, we will face 1-2 years of “bubble” bursting economic upheaval! The goal must be SURVIVAL of the Republic–NOT continuing degradation of American prominence in the world!
Report Post »watashbuddyfriend
Posted on April 24, 2012 at 9:02amThanks TheBlaze for including this Jim Rogers report on the Blog! I missed it on FB.
Report Post »Okieflyover
Posted on April 24, 2012 at 8:57amRomney is not going to artificially inflate this economy like BO has.
That is part of this panic.
Report Post »G-WHIZ
Posted on April 24, 2012 at 9:48amNot to worry…BHO will “authorise” the rest of the stimulus to be released just before the election to make the economy “bounce” to make only him look good for the election.
Report Post »marvlus
Posted on April 24, 2012 at 8:51amThere is good news coming out? What is it?
Report Post »Crazythistle
Posted on April 24, 2012 at 4:51pmsale on 5.56 ammo …..(that’s the good news)…
Report Post »ropespinner
Posted on April 24, 2012 at 8:06amI would pay attention to this guy….
Report Post »techengineer11
Posted on April 24, 2012 at 8:39amEveryone with one iota bit of sense knows something is terribly wrong in America but it doesn’t matter.. They will conceal the problems until they can’t anymore.. Like the ole saying putting lipstick on a pig.. Sure it’s going to collapse and burn one day.. Sooner than most think but Jim Cramer, CNBC, and Bloomberg will all be begging us to buy stocks and put our fortunes into the stock market right up to the day it collapses!
Report Post »Salamander
Posted on April 24, 2012 at 8:00amIf Jimmy Rogers is worried, I’m scared!
Report Post »lukerw
Posted on April 24, 2012 at 10:33amHe speaks Chinese… and lives in China.
Report Post »barber2
Posted on April 24, 2012 at 7:59amI can tell him ” what’s wrong.” We now have an administration which is basically anti-capitalist. Remember all of the anti-rich, fat cats. bankers, CEOs , Wall Street rhetoric from Barack Obama ? This administration is fighting a War on Capitalism. They are, unfortunately, doing quite well. Just more of that “ change ” thing Mr. Obama had planned . But which many naive voters did not .
Report Post »barber2
Posted on April 24, 2012 at 8:22amAwaiting what their good buddies from the anti-capitalist Adbusters’ Occupies have in store for us on the May l that traditional Communist , anti-capitalist, big celebration day. Oh, comrades, we can all celebrate the common “proletariat” working man’s day over those nasty, pig, corporate, fat cat rich capitalists ! Grab your hoodies and march. Wonder if “ cocktails ” will be served by our anarchist friends ???
Report Post »MiCurmudgeon
Posted on April 24, 2012 at 7:58amAny possibility it has anything to do with our President? Most States with improving employment numbers are run by Republicans. Michigan is one, but Detroit continues to fail. Any chance this is because of a Democrat as Mayor for the past 50 years.I don’t believe in coincidence!
Report Post »Detroit paperboy
Posted on April 24, 2012 at 8:16amBlack, incompetent mayors for the last forty of those fifty years………
Report Post »TEARS FOR AMERICA
Posted on April 24, 2012 at 8:20amAmerica failing is the goal of this administration.
Report Post »Outlaw_Josey_Wales
Posted on April 24, 2012 at 8:30amI’m proud to say, I’m leaving the state of Michigan & moving to Wyoming.
Michigan is a welfare state, 1 out of 5 people are on food stamps, all kinds of social programs that don’t work but cost the tax payers billions. Detroit is the result of President Johnson’s great society programs.
Obama will win Michigan in the 2012 elections, because it’s a welfare state and obama bailed out the autoworkers.
Report Post »BOMUSTGO
Posted on April 24, 2012 at 9:40amWyoming is desperate for people to work there.Be ready for harsh weather in the winter.
Report Post »Outlaw_Josey_Wales
Posted on April 24, 2012 at 10:30am@BOMUSTGO
Report Post »I worked and lived in Wyoming on and off for the last 35 years. I work on drilling rigs for oil & gas, I know all about the harsh Wyoming winters, I worked in 55 degree below zero temperature with a 50 MPH wind. Oil drilling boom is starting in south east Wyoming. This old roughneck is heading to his last boom, If I never leave Wyoming again that will be just fine by me.