ALWAYS CONSULT YOUR INVESTMENT PROFESSIONAL BEFORE MAKING ANY INVESTMENT DECISION
February 5, 2021 | Silver, Robinhooders, Hunt Brothers, Tulip Mania
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.
Dow, US Fed, 1929, Bitcoin
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Bob Hoye Archives February 5th, 2021
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Hi Jim and Bob. Recently I heard two interesting narratives for the stock market’s trajectory by two guests on a well know financial blog. One guest said that we are not in a “stock market bubble” but instead we are in the aftermath of the “cash bubble” that burst in March 2020; since interest rates are near zero, he argues that cash holdings will be depleted and inflated away over time with remaining cash finding it’s way into the markets. The other commentator says that this in not 2000 due to near zero interest rates; he argues that currently we are not in a “financial bubble” in assets, as in 2000, but instead a “Fed induced interest rate bubble”. Could either one of these arguments be valid? I had thought that, with all the margin debt and the “fear of missing out”, the markets were in a “debt-induced bubble” amid a record-breaking buying frenzy. Bob, I’m confused. What kind of “bubble” are we currently in?