Monday, November 3, 2014

U.S. Stock Market: Overdue For A Big Correction

We are going to have corrections. The stock market in America has not had a 10 percent correction in several years. That is extremely unusual. It certainly has not had a 20 percent correction, so what has been happening in the market in the past few years in America is an anomaly.

So, we are overdue for a correction, but it does not mean it has to happen anytime soon. But we are going to have corrections and eventually they are going to start getting bigger and bigger. And eventually we a re going to have a big one, one of the big ones and the markets are going to go down a great deal and a lll of us are going to suffer very badly.

Related trading instruments: SPDR S&P 500 ETF Trust (SPY), iShares MSCI Emerging Markets Indx (ETF) (EEM), Nasdaq 100 Index

Jim Rogers is a bestselling author, financial commentator and successful international investor. Rogers was a co-founder of the Quantum Fund (considered to be the first truly international fund of its kind) and is the creator of the Rogers International Commodities Index (RICI).