American investor Jim Rogers warns of major correction in US, global markets

By Nuran Erkul and Gokhan Ergocun

LONDON (AA) - Markets in the US have been performing strongly for a long time, but a major correction is inevitable and will affect the entire world, American investor and financial expert Jim Rogers said.

“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 told Anadolu.

Assessing his expectations for the US markets, Rogers also commented on the US military operation that captured Venezuelan President Nicolas Maduro.

Rogers said there was no “defensible” side to such an intervention, adding: “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 noted that 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.

Everything in the US market has been very strong and the rally has lasted longer than any in American history, he recalled.

“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 underlined that nearly all asset classes have risen sharply, warning that the eventual correction would be serious. “We are in 2026. We will have a big correction in the US market, and therefore in the world,” he said.

Saying a correction could happen this year, Rogers also stressed that developments in Venezuela’s oil sector should be closely monitored, noting that oil prices could rise. Venezuela holds the world’s largest oil reserves.

Rogers said he has sold all his US stocks. “Silver, cash and Chinese stocks I still own, but most markets around the world have gone up a lot,” he said.

“I still have China. I still have Uzbekistan, but I am worried about investments in markets all over the world,” he added.

Following the military intervention in Venezuela, US President Donald Trump made statements suggesting US companies could become involved in the country’s oil industry. The White House also announced that the Trump administration had begun talks with American oil companies regarding Venezuela.

Some reports in the American press said US oil companies remain cautious about Venezuelan oil due to political uncertainty, the current condition of the oil industry, and other factors.