Jim Rogers: Get the heck out of emerging markets.

There are no two ways about what Jim Rogers is saying here. Will he be right? Probably. Keep in mind, he recognizes things before others do, but he tends to be a little early.

Reuters: Top investor warns of Russia stock bubble.

Reuters: Top investor sees U.S. property crash.

Quotes:

"This is the end of the liquidity party," said Rogers. "Some emerging markets will go down 80 percent, some will go down 50 percent. Some will most probably collapse."

He says he'll still hold Chinese stocks though.