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November 13, 2020 | Will S&P Ride Elliot Wave to New Highs?
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.
Is a myth political gridlock good for stocks?
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Bob Hoye Archives November 13th, 2020
Posted In: HoweStreet.com Radio
Hello Jim and Bob. I have two questions for Bob Hoye. Bob, is the current market momentum being driven by 1) Fed liquidity, 2) fear of missing out, 3) TINA or “there is no alternative”, 4) call options, 5) covid vaccine news, or 6) just “old fashion” irrational exuberance? Also: Bitcoin is on a parabolic rise and is nearing it’s December 2017 top. After bitcoin hit that all time high in December 2017, the equity markets sold off sharply just a month later in January 2018. Bob, assuming that bitcoin double tops in the next couple of weeks and reverses lower from there, could this be a signal that the equity markets may top out once again a month later?