ALWAYS CONSULT YOUR INVESTMENT PROFESSIONAL BEFORE MAKING ANY INVESTMENT DECISION
June 26, 2020 | Are People Tired of Government Intervention?
Bob Hoye
Bob Hoye has been in investment business for some 50 years, making him one of the more experienced researchers. His historical work has been thorough providing the first recognition of the fascinating transition from speculation in commodities to speculation in financial assets. It was controversial when Bob observed that “No matter how much the Fed prints, stocks will outperform commodities”. In January 2000, the research team concluded that the Dot-Com Bubble would peak in March 2000. In early 2007, the team outlined that the credit markets would reverse in May-June 2007. They did and the stock market followed. The latest was the call in early October for the Bitcoin Bubble to complete in December. Bob’s essays and speeches on political change and on actual climate change have been widely circulated.
Canada has AAA credit rating downgraded
Listen to Podcast:
STAY INFORMED! Receive our Weekly Recap of thought provoking articles, podcasts, and radio delivered to your inbox for FREE! Sign up here for the HoweStreet.com Weekly Recap.
Bob Hoye Archives June 26th, 2020
Posted In: HoweStreet.com Radio
Previous: « Buy the Dips and You Can’t Lose, Right?
Next: Dr. Garth »
I have two questions for Bob. I maintain a core position in gold but it seems like it may be time to lighten up on the gold miners and silver. I fear that another leg down in the overall equity markets will drag silver and the miners down also as it did in March. Do you anticipate that this may occur again? My second question. Although CNN’s Fear and Greed index is currently neutral, I have noticed an extreme level of “bravado” in the comment sections of many financial blogs. Is this high level of “bravado” a contrarian indicator? It seems that a “bravado index” would be useful.
My question for Bob. As widely reported, publicly traded corporations have been in a frenzy buying back shares in recent years largely by issuing bonds to raise the cash needed for these buybacks. Now many of these same companies are in a “reverse” frenzy issuing new shares for sale to the public so as to raise cash. Many analysts predict that many of these same corporations will be buying back these shares again in the future with “new” additional cash raised by selling new bonds directly to the FED. This all seems like a rather convoluted way of increasing shareholder wealth. Bob, can you please explain what is actually going on here?