Jim Rogers predicts looming U.S. market downturn
“We will have a big correction in the US market, and therefore in the world, whether it’s because of Venezuela or who knows what. A big correction is coming,” Rogers said.
Commenting on the recent U.S. military operation that captured Venezuelan President Nicolas Maduro, he criticized the intervention, saying, “I find it outrageous that the US can just go around invading a country and kidnapping the president of another country. I find that absurd and dangerous. I just hope we don’t have to suffer.”
He added, “I guess Mr. Trump has a defense, but I don’t think it’s defensible. I think it’s absurd.”
Rogers highlighted that U.S. markets have been rising since 2008 and are therefore overdue for a correction. “We could very well have a big correction. If there is a correction, the market will blame it on Venezuela,” he said.
He noted that the current rally has lasted longer than any in American history. “So we have never had such a long rising market in US history. If it starts going down, everything will go down,” he said.
Rogers warned that nearly all asset classes have surged sharply, and the eventual correction is likely to be serious. “We are in 2026. We will have a big correction in the US market, and therefore in the world,” he said.
He also advised close monitoring of developments in Venezuela’s oil sector, noting that oil prices could rise given the country holds the world’s largest oil reserves.
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