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February 16, 2024 | Are Toppy Markets Heading for a 1929 Like Crash?
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 huge drop in US consumer spending a concern?
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Bob Hoye Archives February 16th, 2024
Posted In: HoweStreet.com Radio
Hi Bob and Jim. Marketwatch headline: “Nvidia makes Wall Street history as stock surge adds $277 billion in market cap…” This stock traded at $127 in October 2022, now it trades at $799. in 2019, less than 5 years ago, it traded at $38. Financial pundits point out that “it’s only trading at 69 times earnings”. Bob, I’m confused. The Angel on my right shoulder says “Stay away, it’s a suckers game”. But the angel on my left shoulder says, “Fool, get in now and don’t miss out!” Financial media says “buy the dip”. Bob, I think that I’m getting FOMO fever (fear of missing out). Can you please give us listeners suffering from FOMO fever a reality check.