Jim Rogers is a bestselling author, financial commentator and successful international investor. Rogers was a co-founder of the Quantum Fund (considered to be the first truly international fund of its kind) and is the creator of the Rogers International Commodities Index (RICI).
Friday, January 11, 2013
The Way Bull Markets Work
"The way bull markets work throughout history is, they go slowly and then they start rising more and more and the more and more people start jumping in. Then the fundamentals get so exciting it usually turns into a bubble, prices go beyond anybody`s comprehension. And at that point you have a big bubble. Now that`s still several years away. The supply is so low, inventories worldwide of agricultural products are near historical lows, we are running out of farmers, we are running out of everything. When the supply is under serious duress, demand continuos to grow, this is called a bull market and it will be a bubble before its over." - in The Big Show
at 11:33 AM