Monday, March 10, 2014

Commodities: A Temporary Correction

"It’s a normal temporary correction, which happens in all markets. The bull market in stocks between 1982 and 2000 had many significant corrections. In 1987, stocks went down 40 to 80 percent. 1989, 1990, 1994, 1997, 1998 – these were several very significant corrections in the price of stocks. Back then many people said: Aha! Now the bull market is over. Well, they were wrong. In my view, this is what’s happening in commodities." - in IB Times

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).