Markets & Economy: Worse Times Than We Had In Our Lifetimes

We are certainly going to have worse times than we had in our lifetimes. How bad? I expect it to be worse than anything we had in our lifetimes because the debt is like nothing that has ever been in recorded history. America is now the largest debtor nation in the history of the world!

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.

An Important Top For U.S. Equities

If you actually look at the stock market, the New York Stock Exchange (NYSE) for instance, only one third of the stocks went up last year, twice as many went down. If you look at the breath, the stocks advancing and declining, it peaked out in 2014 and the breath has been going down ever since.

So people may think that the stock market is up but those who own stocks are finding out that it is not the case. (SPDR Dow Jones Industrial Average ETF (DIA), SPDR S&P 500 ETF Trust (SPY), Nasdaq 100 Futures, Energy Select Sector SPDR ETF (XLE), Health Care SPDR ETF (XLV), 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.