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For the first time in more than 20 years, the general public is buying stocks like they’re in a casino. This means that the Melt Up is here... the final, euphoric push at the end of a long bull market. It also means that the Melt Down – the inevitable crash that ends the boom – is not far away. The classic history of Melt Ups shows that ALL the newcomers – unfortunately – will ultimately get wiped out. The market has a dastardly history of sucking in the largest possible number of unsuspecting participants on the way up – and then wiping all of them out on the way down. They ride the tide all the way in, and then they ride it all the way out. The key for investors today is to ride the tide... then get off the boat in time as the tide goes out.
Pull quote. Pull quote. Pull quote. Pull quote. Pull quote. Pull quote. Pull quote. Pull quote. You can change nearly everything about the who, what, where, when, and why. You can swap team names for stock names... and folks will find a way to roll the dice. drama. People get to pick their favorites. And they get to spin stories to explain why their picks are the best. in on legal sports gambling ever since. Then the virus hit, and professional sports shut down for months. That put sports bettors like Portnoy out of commission. But they still wanted to gamble. The stock market was the perfect place for them to get their fix. Betting on stocks has nearly all of the components of sports betting built into it – there’s risk, skill, luck, and Investors might not see the stock market as gambling. But these folks do. And they’re piling in as the market melts up – to a degree that we haven’t seen since 1999. Pro sports are finally ramping back up as COVID-19 restrictions ease – giving gamblers something to bet on again. But the gamblers aren’t leaving the stock market.
Publisher’s note : The “Melt Up” is Dr. Steve Sjuggerud’s term for the final push just before the big “Melt Down.” It’s where stocks often have their biggest, most explosive gains. We started featuring the Melt Up thesis in our inaugural American Consequences magazine in July 2017 in an article titled, “Your Last Bull Market.” Since then, the market has soared more than 30%. And many big-name stocks are up far more – for example, market darling Amazon has soared nearly 200%. Time and time again in the pages of our magazine, Steve has written us articles showing how the long bull market would not reach its ultimate peak until individual investors were “all in” on stocks once again. And today, we may have less than 12 months left in his Melt Up script...
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October 2020
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