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Jim Rogers says bubbles are developing in some areas of the market, especially in tech stocks.
Rogers also said bitcoin appeared to be in bubble territory.
He is bullish on several assets and shared four he would invest in for his daughter in the next decade.
Jim Rogers is worried about the state of the market. And he says you should be too.
That may seem bizarre considering stocks are near record highs with an economic recovery which will likely be aided by more robust stimulus from a Democratic-controlled government still waiting in the months and years ahead.
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Bank of America s Bull & Bear indicator showed sentiment climbed on a 1-10 scale to 7.1 last week from 6.7 on December 17.
This prompted Bank of America s chief investment strategist, Michael Hartnett, to say in a January 7 note that investors were rationalizing increasingly irrational price action on Wall St.
Hartnett laid out six warning signs to watch that could signal a bear market is beginning.
Investor sentiment has climbed from rock bottom in March to what is now approaching extremes on the other end of the spectrum and it s starting to worry Bank of America s top strategist.
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Market strategist Sven Henrich, who warned of the crash before it occurred in February 2020, says we are staring at the largest valuations and technical disconnects ever.
He said the difference between current price levels and exponential moving averages shows stocks are again due for a pullback.
On February 20 last year, right at the market s top, Sven Henrich reiterated a warning. From my perch this market is the most dangerous we ve seen since 2000, Henrich, the founder of NorthmanTrader, wrote in a post on his site.
Over the course of the following month, the market would go on to shed 35% of its value as the global pandemic worsened.
Stock market indices are reaching all-time highs in 2020 in the midst of the worst global recession since World War II. There’s a chorus from fund managers and stock market analysts telling you that t
want to work is the lowest since 1978, before women came into the workplace enmass. that means we still don t have a robust recovery. and she needs to make that happen, right. she s got to pair back the federal reserve money dump they ve been throwing in the economy, $75 million a month very slowly that it doesn t rerail the economy. otherwise we could start seeing bubbles in the economy and you don t want that either. the changes have begun, tapering. tapering has already begun. do you expect her to sort of have continuity with i think she s going to be very slow and steady. and there s two things she needs to balance. she s got to keep the economy going and put enough stimulus out there that the unemployment rate doesn t tick up, but she s got to watch for market bubbles. i mean, we ve talked a lot about this. the markets are at all time highs or near them, but the real economy is still suffering. you have this really bifurcated