The bull market he is expecting has yet to materialize, but Roberts remains confident it is coming. He spoke to Asiaweek's Alejandro Reyes about his methods and forecast. I look at all the indexes and the stocks. Markets and stocks fluctuate far too much to be purely explained by fundamentals. The fluctuations are really the crowd's perception of what is going on.
Markets tend to go to extremes.
And the patterns that you see tend to repeat. We're responding to the stresses that the market puts on us in the same way as people back then. When the market goes up, we get greedy because we want to make more money. When it falls, we get fearful that we're going to keep losing money and want to sell. I'm entirely independent.