Well that was quick!
U.S. stocks fell a little more than 3%… over the course of two weeks. That was it.
You would think that the coronavirus concerns gripping China (and the world) would cause massive panic and fear in stock prices. And it sure felt like they were… for a moment at least. But it didn’t last long.
Instead, the U.S. market hit new all-time highs just a week after bottoming. And it has continued higher since.
This, my friend, is the Melt Up.
When stocks are hitting new highs like this during a legitimate epidemic, it tells me that “FOMO” – the fear of missing out – is finally starting to take hold in stocks. And that is the Melt Up in action.
Let me explain…
— RECOMMENDED —
If you skipped the 2020 Melt Up Event, watch right away. You’ll hear Dr. Steve Sjuggerud’s surprising prediction about where this bull market is heading next, and exactly what it means for your wealth (hint: it’s not what you think). Plus, you’ll hear about the nine stocks Steve believes should be on everyone’s radar by Monday’s opening bell.
I’ve been writing about the Melt Up for years. I first unveiled the idea at a private meeting in 2015.
Since then, I’ve written dozens of articles… hosted events… and made recommendations to profit from the coming mania.
There’s been a problem, though. We haven’t seen true market euphoria since then. And if you understand what a Melt Up is, you know euphoria is part of the deal.
The Melt Up is the final push of a major bull market. It’s the time when investors throw caution to the wind and BUY, BUY, BUY!
There’s no concern for fundamentals. Folks don’t worry if what’s happening makes sense or not. They simply get caught up in the mania to a degree they can’t control.
Just think back to the bitcoin boom in 2017…
Back then, just about everyone I know was talking about bitcoin. And even worse… they started buying near the top.
It seemed like every news story was about bitcoin or some other crypto soaring. And it wasn’t just the financial media. Non-financial media covered bitcoin as well. It was so big that the masses wanted in.
Folks with no real knowledge of bitcoin were buying hand over fist. They were caught up in the mania. It was a truly global phenomenon.
The same thing happened with housing in the mid-2000s…
The number of realtors in my part of north Florida exploded. Many of my friends began flipping houses. Heck, even my plumber shut down his plumbing business to flip houses full time. The money was too good to pass up.
Everyone believed housing couldn’t go down. And that fueled a euphoria that completely took over. It was a true Melt Up in U.S. housing.
And of course, the last stock market Melt Up in the U.S. was the dot-com boom of the late 2000s…
I remember my mother-in-law beaming about her gains in Qualcomm (QCOM) stock back then. And I had friends who quit their jobs to day-trade full time. They were getting rich… on paper at least. Until it all came crumbling down.
Today, we’re entering a similar time of euphoria. I know it because of what we’ve just seen in the markets. Despite rampant fears, stocks quickly jumped back to new highs after a minor – but seemingly painful – fall.
My mother-in-law is interested in stocks again, too. Just last week she told me about her position in Apple (AAPL), and how well it did last year.
This is it, my friend. The Melt Up is here.
I have been waiting for this moment. This is the stage where the big gains finally start to kick in. It has taken entirely too long to get here, in my opinion. But it’s here now.
This isn’t the time to sell. We want to join the masses now… and profit from the FOMO in the markets while we still have a chance.
— RECOMMENDED —
A terrifying new trend is creating thousands of new millionaires (Barron’s estimates 20,000 to 200,000 so far) while at the same time destroying the financial future for many others…
This major market shift is why I hosted a massive Melt Up Event last week. I wanted to get the word out on this crucial market shift. And more importantly, I wanted to share how I plan to make the most profits as the Melt Up plays out. If you haven’t seen the event, you can still view it for free right here.
Just understand, the replay will only be up for a short time. So don’t wait too long – go here to watch it now.