You have to be short and most markets are already down. There are very few markets that aren't down already in the world, except the averages in New York. Now, you can certainly short Europe, because it's going to get worse. You can certainly short the UK, because it's going to get worse.
But the things that are still high, I'm sure your parents taught you to buy low and sell high. Well, the things that are high still happen to be the US, more than anything else.... You should be short the US. That's the market that's still the highest. It hasn't gone down yet. One can have shorts in any place you want, but the Japanese market is down 70%, 75% from its all-time. The Russian market - who wants to short Russia? I'm long Russia. I mean, where are you going to short? Everything's collapsed. I'm not buying India. There was a recent remarkable development in India, but it's not enough to make me buy India.
Jim Rogers is a smart investor who co-founded the Quantum Fund with George Soros in 1973. By 1983 the fund gained more than 4000 percent.