Share Market: 'Global markets will fall sharply due to rising debt', Jim Rogers said - I am with more cash

There is going to be a big fall in stock markets around the world. This will be such a fall that will break the record of many decades. The reason for this is tension between countries and huge debt on all major countries including India. Veteran American investor Jim Rogers said I am waiting for a huge fall in the market with a lot of cash. Jim Rogers said on Tuesday, that the world including America has been in trouble for a long time. I expect the next sell-off to be the worst in my lifetime. I am waiting for this collapse to come because I know it is going to be very bad. In such a situation, investors need to keep cash with them at this time. 

Jim Rogers has the view that there is a serious financial collapse ahead. With this view, Buffett's Berkshire Hathaway has also kept $277 billion in cash by selling shares. Along with Buffett, top investors including Indian mutual funds have also kept cash by selling shares in view of the possibility of turmoil in the market.

Rogers suggested that small investors should take a cue from big investors who are already raising cash by selling shares. This means Buffett had sensed the difficulties coming in the market beforehand. That is why he started selling shares even before the news of fear of recession in America and tension between Middle Eastern countries.