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The veteran investor Jim Rogers, who co-founded the Quantum fund with billionaire investor Goerge Soros stressed that the bear market has been one of the worst this year and predicted the weakening of the U.S. dollar.
He expects the bear market to worsen and companies to go bankrupt.
In regards to the stock market, he recalls when the stock had done nothing for an extended period while noting that stocks do not have to go up all the time as many bear market has emerged and another is coming soon. While expressing he is not making a prediction, Rogers suggests if there were peace in Ukraine, pessimism would disappear, and stocks will go up.