Jim Rogers : In 1987 stocks around the globe fell 40% and many people said the bull
market was over. Then in 1989, 1990, 1994, 1997, 1998 there were many
times when stocks collapsed and everybody was convinced the bull market
was over. The bull market wasn’t over. It eventually ended in a bubble.
In my view that’s happening with commodities. I don’t see major sources
of new supply coming in on stream. Most commodities don’t have massive
new supply yet. For instance, agriculture has produced record levels for
the past few years and yet inventories are the lowest in 40 years
because consumption keeps going higher and higher, faster than
production does.
We have serious fundamental problems developing in agriculture. I don’t
see enough new supply to cause the bull market to end other than a
temporary consolidation, especially since so many people are convinced
and quick to rush out and write that the bull market is over. But we’ll
see.
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%.
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%.
Monday, July 22, 2013
Jim Rogers "the 19th century was the century of the UK , the 20th century was the century of the US , the 21 st century is going to be the century of China "