ALWAYS CONSULT YOUR INVESTMENT PROFESSIONAL BEFORE MAKING ANY INVESTMENT DECISION
December 4, 2020 | One Last Market Charge Before a Depression?
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.
The “Everything” rally led by European markets
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Bob Hoye Archives December 4th, 2020
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Hi Jim. Howe Street.com “Is the place to be” for insightful financial analysis. My two questions for Bob. The financial waters are choppy enough with the usual sharks and vampire squids that manipulate price. But now the “Whales” seem to be having a growing impact on price discovery. Not long ago there was the “London Whale” who created a huge wave in the CDS market resulting in a $6.2 billion loss for JP Morgan. Then there was SoftBank’s “Nasdaq Whale” who recently manipulated markets with a “tsunami” of call options. Also notable are the 1000 “Bitcoin Whales” who control 40% of that market. Bob, can we little fish survive in these financial waters so overpopulated by these Whales? Second question: Bob, can you please explain the difference between a “liquidity” event and an “insolvency” event? It is said that the Fed is backstopping “liquidity” shortfalls. But with all the debt piling up, could we see an “insolvency” event again like we did in 2008?