Bruce Jackson June 14, Remember just a few weeks ago, when Macquarie tipped the ASX to hit 10, over the next 10 years, underpinned by a booming superannuation sector?

Not so scary after all. Wealth destroying for those poor souls who took everything out of….

Jim Rogers does not like U.S. stocks one bit - MarketWatch

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You may unsubscribe any time. By clicking this button, you agree to our Terms of Service and Privacy Policy. We will use your email address only to keep you informed about other products and services we think might interest you. Please read our Financial Services Guide FSG for more information. Wealth destroying for those poor souls who took everything out of the market and parked it in a term deposit, earning a pittance.

In short, instead of staying the course, people were scared out of stocks. They bought high and sold low. Right on cue, yesterday the ASX surged to its best daily performance in seven months, helped by Macquarie analysts saying…. So much for the so-called tech wreck.

It looks to have lasted all of two days. In morning trade, the ASX has blown back through 5,, the banks again leading the market higher. In the short-term, animal spirits and the fear of missing out trumps everything.

Jim Rogers Blog.

And in the twinkling of an eye, rather than fearing a full-blown stock market correction, investors are now buying the dip. Writing on Marketwatch , Scott Nations says we are not smart enough to spot a coming stock-market crash.

In a nutshell, each crash comes from left-field. The so-called Black Swan event.

Why You Should Totally Ignore Jim Rogers "Worst Crash In Our Lifetime" Call | Motley Fool Australia

Not the high valuations of a few powerful, fast-growing US tech stocks, each one with huge competitive advantages. They are staring us in the face. The best you can do is totally ignore such garbage.

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