Jim Rogers: A Major Correction is Coming in the US Markets

Jim Rogers' Warning: Time for a Correction in US Markets

Famous American investor and financial expert Jim Rogers emphasized that a significant correction is coming to the US markets while evaluating the US military intervention against Venezuela President Nicolas Maduro.

Military Intervention and Its Impact on Markets

Rogers stated that the US military intervention in Venezuela has “no defendable side,” saying, “My only hope is that the party that pays the price during this process is not us.” He drew attention to the potential market reflections of such developments, noting how the US markets rose strongly after 2008-2009, explaining it as follows:

“We are talking about the longest bull market in US history. We have never seen such a long rising cycle before. Therefore, I think the time has come for a significant market correction. Situations like the developments in Venezuela will trigger this. If a correction occurs, all indices will fall, and the effects will be quite serious.”

Investment Strategies: Which Stocks to Hold?

Rogers mentioned that he sold some of his stocks before the potential corrections in the US markets, stating, “Currently, many markets are very high; I am only holding my China and Uzbekistan stocks.” He expressed his concerns about investing around the world and recommended cash, silver, and Chinese stocks as safe havens.

Oil Prices and the Global Market

Rogers noted that Venezuela has large oil reserves and that developments in the oil sector should be closely monitored. He indicated that oil prices might rise during this process.

Additionally, it is worth noting that US President Donald Trump made statements after the military intervention in Venezuela, suggesting that American oil companies could participate in the country's oil industry. However, it has been reported that some US oil companies tend to act cautiously due to political uncertainties.