Is the “Everything Bubble” Reaching its Expiration Date?

Kevin Duffy, Nav Dhaliwal and Michael Oliver return as guests on this week’s radio program.

As manager of the Baring Fund, Kevin has had a magnificent track record in protecting wealth from stock market crashes. With the current equity bull market among the longest on record and with legendary hedge fund manager Ray Dallio just now proclaiming the beginning of a bond bear market and predicting a stock market crash, we turn to Kevin for his thoughts about the direction of various markets in 2018 and to learn how the Bearing Fund is positioning its investors.

Michael, who had been calling for a slow equity market decline and has now joined the growing number of market pros who envision a sharp decline rather than a version of a more tame bear market, provides an update.

With the dollar in decline, gold and other commodities are on the rise. That’s good news for Bonterra Resources. Nav updates us on that company’s glowing success in outlining a multi-million ounce gold deposit in Quebec. Gold investments are back. You can’t afford to miss this show.

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Kevin Duffy entered the investing business in 1985 as an analyst and also as a strategist. He co-founded a money management firm in 1988 after the ’87 crash and cut his short selling teeth during the late ‘90s tech bubble. After the bubble burst, he co-founded Bearing Asset Management in 2002.

Bearing warned about the housing and credit bubble of 2005-07, shorting stocks such as New Century Financial, Bear Stearns, Lehman Brothers, MBIA, Countrywide Financial, Wachovia, and Citigroup.  Kevin wrote extensively on the subject, including articles, “Alan, We Have a Problem,” “Mr. Mozilo Goes to Washington,” and “Honey, I Shrunk the Net Worth.”  The firm’s two long/short hedge funds profited from the unwind including Bearing Fund, the more aggressive of two, which gained over 100% in 2008 when most 401k’s were turned into 201k accounts.

Nav Dhaliwal, President and CEO of Bonterra Resources Inc., brings a wealth of entrepreneurial, sales, and financing experience. He is particularly adept at nurturing early stage companies through their critical phases of evolution, having founded a number of companies over his career. Mr. Dhaliwal is also very experienced in corporate development, corporate communications and investor relations, bringing valuable business relationships with international analysts, brokers and investment bankers from Canada, the United States and Asia.

Michael Oliver entered the financial services industry in 1975 on the Futures side, joining E.F. Hutton’s International Commodity Division, NYC. He studied under David Johnson, head of Hutton’s Commodity Division and Chairman of the COMEX.In the 1980’s Oliver began to develop his own momentum-based method of technical analysis. In 1987 Oliver, along with his futures client accounts (Oliver had trading POA) technically anticipated and captured the Crash. Oliver began to realize that his emergent momentum-structural-based tools should be further developed into a full analytic methodology.

In 1992 he was asked by the Financial VP and head of Wachovia Bank’s Trust Department to provide soft dollar research to Wachovia. Within a year Oliver shifted from brokerage to full-time technical research. MSA has provided its proprietary technical research services to financial and asset management clients continually since 1992. Oliver is the author of The New Libertarianism: Anarcho-Capitalism.