Biz people

'US stocks yet to hit the bottom'

Jim Rogers, the investor who co-founded the Quantum Fund with George Soros, said US stocks have yet to hit their bottom in this bear market, saying there could be no lasting rally until the economy recovers.

Rogers (right) said he is unsure where to invest, although he likely will sell the US dollar - which he called "terribly flawed" - and buy commodities. He was one of the earliest investors to predict the boom in commodities in recent years.