A prominent hedge fund investor argues that basic materials stocks (e.g. producers of iron ore, nickel, steel, cement, fertilizer, etc.) are in a secular bull market. If he is correct, this means that:
A. supply of these products will exceed demand over the short-term before reaching equilibrium.
B. supply of these products will exceed demand over the long-term before reaching equilibrium.
C. demand for these products will exceed supply over the long-term before reaching equilibrium.
D. demand for these products will exceed supply over the short-term before reaching equilibrium.