Thursday, May 30, 2013
Commodities are still in a long term bull market
In all bull markets there have been corrections, in the stock bull market 1982 - 2000. In 1987 stocks went down 40 to 80 percent, people said its finished. 1989, 1990, 1994 many times stocks scared the socks of a lot of people. It was not the end of the bull market and it is my view that's whats happening here with commodities.
Jim Rogers started trading the stock market with $600 in 1968.In 1973 he formed the Quantum Fund with the legendary investor George Soros before retiring, a multi millionaire at the age of 37. Rogers and Soros helped steer the fund to a miraculous 4,200% return over the 10 year span of the fund while the S&P 500 returned just 47%.
Jimmy Rogers