TSLA - Legendary Investor Jim Rogers Predicts Market Bubble Positions To Short Tesla Apple And Other 'Magnificent Seven' | Benzinga
Market veteran Jim Rogers predicts a significant plunge in asset prices and a looming economic disaster, with plans to profit by shorting renowned stocks like Tesla Inc. (NASDAQ:TSLA) and Nvidia Corporation (NASDAQ:NVDA).
What Happened: Rogers, who co-founded the Quantum Fund and Soros Fund Management with George Soros, sees bubbles in bonds, property, and stocks. He has offloaded a significant portion of his stocks and bonds in anticipation of a steep downturn, reported Business Insider.
“Bonds are a bubble, property in many countries is a bubble, stocks are getting ready for a bubble,” the veteran investor and travel author said in an interview with Soar Financially.
Rogers pointed out “warning signs” of an impending collapse, including a small group of stocks driving the major indices higher and novice investors bragging about their easy wins in the market.
His prime target to short, dubbed the “Magnificent Seven”, includes Apple Inc. (NASDAQ:AAPL), Alphabet Inc. (NASDAQ: