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Published: April 4, 2020 at 1:28 p.m. ET, By Shawn Langlois<\/p>\n
\u201cI expect in the next couple of years we\u2019re going to have the worst bear market in my lifetime,\u201d he told Bloomberg in the wake of the worst first-quarter loss in the Dow\u2019s history.<\/p>\n
Why so glum? Rogers explained that it\u2019s a combination of the coronavirus pandemic\u2019s impact on the economy, high-debt levels and lowly interest rates that will inflict damage when they start rising.<\/p>\n
But for investors looking to keep some cash in play in the bruised stock market, Rogers, who co-founded the legendary Quantum Fund along with George Soros almost 50 years ago, talked about the \u201ctried and true\u201d approach to navigating such brutal stretches.<\/p>\n
\u201cThere is absolutely no question that throughout history, when you\u2019ve had bear markets, companies with low debt are the ones that people love the most because they don\u2019t have to worry about bankruptcy,\u201d said Rogers, adding that he\u2019s content to have \u201ca lot of cash\u201d on the sidelines.<\/p>\n
When he senses the worst of the selling has past, Rogers said he\u2019ll look to buy shares in hard-hit areas like tourism, transportation, airlines and agriculture in China and globally.<\/p>\n