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November 26, 2021 | The Real Reason Markets Dropped Friday
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.
China trying to censor Bitcoin out of existence
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Bob Hoye Archives November 26th, 2021
Posted In: HoweStreet.com Radio
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Hi Jim and Bob. It seems that we did see the beginnings of a sell-off in November. “The Gales of November”, like in Canadian Gordon Lightfoot’s song “The Edmund Fitzgerald”, did arrive although latter than it did in the song. Bob, can we expect a Christmas rally or will December be a bad month for the markets and for sailing on Lake Superior? Those powerful lyrics about that ship of “the American side” remind me of how powerful nature’s financial gravity can react to a financial mania. To quote Lightfoot’s lyrics: “The legend lives on from the Chippewa on down of the big lake they call “Gitche Gumee. The lake, it is said, never gives up her dead when the skies of November turn gloomy.” Bob, have we seem the market top?
Jim, this week’s interview line-up has been fantastic. Bob, gold is not rallying of late like one would have expected as we approach year-end. If there is a major market correction in December or one in the first quarter 2022, will we have to wait a few more months for a good entry point in the PM sector? In the event of a stock market crash in the first quarter 2022, some technical analysts see the PM sector approaching the 2020 lows before a truly historic bull market in the PM sector occurs. Bob, considering seasonality, should be be buying in late December the PM sector or maybe a few more months of patience is in order considering the topping action in the stock market?