Don't miss the signs like in 2008, bear market is coming, reiterates Jim Rogers

Investment guru Jim Rogers is still not invested in India, as the market was trending upwards till recently. He believes it is about time India opens up all its markets – including currency and agriculture. In a phone conversation from Singapore with ETMarkets.com last week, Rogers, 76, reiterated his fear that a big bear market was in the offing. He warned that the world was missing the small signs, similar to earlier times, and these troubles could snowball into a crisis. 

Edited excerpts:

You had been shorting India in 2015 I believe and you were not invested in India. Since then, have you invested in India of late or what is the case?

I invested in India before Mr Modi was elected and I owned the Indian shares but then, after a few weeks seeing that he did not do much, I sold Indian shares and I have had no position in India since.

What holds you back from investing in India?

Mainly because it is actually going up and I like to buy stocks when they are going down, not when they are going up.

In what scenario would you invest in India? Are you waiting for a correction to invest in India or are you waiting for some policy changes to invest in India?

Well, mainly I am cautious about the stocks all over the world now except for a couple of places, where they are down a lot. If and when stocks all over the world go down or if and when India goes down a lot, then I would certainly re-examine India.

We are in the middle of an election season out here and the results will be out before the end of this month. What could be the best possible election result scenario according to the Indian markets?

I guess the stock market would prefer Mr Modi.

- Source, Economic Times India, read more here