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)