"Markets are overdue for a correction. Any market that goes up this much, this fast, this steadily without correction - it's not normal. When that sort of things happens, the market could be setting itself up for a 15 - 20% correction.
When the markets are ready for a correction, something will come along...(Goldman Sachs Group, Inc. (Public, NYSE:GS)) the straw that breaks the camel's back.
What I am doing is watching. If this is going to be the beginning of a correction...we will know how the markets does next week, by Thursday, I suspect."
in CNBC.com
Related ETF`s: SPDR S&P 500 ETF (Public, NYSE:SPY) , ProShares UltraShort S&P500 (ETF) (Public, NYSE:SDS), Financial Select Sector SPDR (ETF) (Public, NYSE:XLF), Direxion Daily Finan. Bear 3X Shs(ETF) (Public, NYSE:FAZ)
Related Stocks: Goldman Sachs Group, Inc. (Public, NYSE:GS), Bank of America Corporation (Public, NYSE:BAC)
Jim Rogers is an author, financial commentator and successful international investor. He has been frequently featured in Time, The New York Times, Barron’s, Forbes, Fortune, The Wall Street Journal, The Financial Times and is a regular guest on Bloomberg and CNBC.
