In his recent interview on The Jay Martin Show, Jim Rogers says he’s waiting for the spark that will cause a big big rally. Here’s an excerpt from the interview:
Well I mentioned the technology bubble, which had formed and it continues to… I mean they’re all down now but it will probably revive if and when something causes a big rally.
There’s a lot of pessimism around in the equity markets now Jay and normally when there’s a lot of… when everybody’s pessimistic something happens, some spark comes along such as peace in Ukraine which causes a big big big rally.
I don’t know what might change people’s pessimism, but I do know that we have staggering amounts of pessimism all over the world in equities.
I do not know what will cause that to change, but it nearly always has throughout history, and probably will again. So I’m looking for that spark, I mentioned potential peace in Ukraine that could do it, but it might be something else.
You can watch the entire discussion here:
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