Legendary investor Jim Rogers said enjoy the market rally while it lasts, issuing a dire warning that “the worst correction of his lifetime,” is coming for stocks.
“Soon something’s going to happen that will make everyone happy again and the market will go up one more time, and that will probably be the last hoorah. Next year will be not a lot of fun,” Rogers said in an interview with Kitco News on Monday.
He added, "It’s been ten years since we have had a bear market, that is very, very unusual so the next bear market is going to be the worst in my lifetime."
When promoted to quantify the correction, Rogers said it would easily be over 50%.
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