Thursday, May 8, 2008

George Soros on the recent stock runup and commodities

Billionaire investor George Soros says commodity bubble will burst; stock runup is a rally in a bear market. He is not short commodities.

"This is a bear market rally. We could have seen the peak either last Friday or in the next couple of weeks."

"I think I could loose a lot of money being short commodities. You want to have more evidence of a peak, it is impossible to call the peak, you are either too late or too early."

click for video

video: George Soros On Commodities
Robert Lenzer, National Editor,

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