The 2024 Bull: Ignorance is Market Bliss.

Imagine how much worse the suffering would be if your 401(k) dropped 70%! [The Rude Awakening] January 09, 2024 [WEBSITE]( | [UNSUBSCRIBE]( The 2024 Bull: Ignorance is Market Bliss. [Sean Ring] SEAN RING Allegedly, Mark Twain once said, “It ain't what you don't know that gets you into trouble. It's what you know for sure that just ain't so.” I, for one, am glad. The U.S.’s southern border isn’t a border. It’s not the Rio Grande. It’s not an “imaginary line.” It no longer exists. [The Federal Government is suing the State of Texas for trying to do something about it.]( [Hasidic Jews built basement temples in New York City during Covid]( and are now being arrested for it. [Protesters supporting the Palestinians blocked the main arteries into New York City.]( [Mark Cuban, a man who proves you don’t have to be smart to be rich, can’t tell DEI from discrimination]( and X is decimating him for it. [German farmers have essentially shut down Berlin over their subsidies]( being taken away. German truck drivers are joining in the fun. And while Joke Biden - or whoever’s running America at the moment - frets over the next move in a failed Ukraine War, [Pooty Poot has already moved tactical nuclear missiles into Belarus.]( How’s your Bingo card doing? At the risk of invoking the “No True Scotsman” fallacy, I posit that anyone looking at the world right now knows what a mess it is and should stay well away. But that would be a mistake of epic proportions. Because if you play it right, this year is the year you’ll get ahead in your investments, life plans, and goals. The Stock Market Santa Claus didn’t come for the stock market this year. And the first week of January was crap. But yesterday washed all the tears away. The below chart is an hourly chart for the entire year so far. You can see that it was all down until yesterday’s opening. But we took off in the SPX. The Nasdaq and the Russell 2000 made similar moves. This is positive and corroborative. [Chart] If we break the 5,000 mark swiftly, hitting 6,000 isn’t out of the question. THE WHY: You don’t want to be out of the market too much, especially when the government supports owning equity. VERDICT: Get long and stay long. Gold Since a sickly October, gold has been up nearly $200 per ounce. [Chart] Yesterday, gold bounced off its 50-day moving average and rebounded to 2,033.50. We might hit $1,980 (roughly the 200-day moving average) before we resume our upside move towards $3,000. After that, we head to $2,340. THE WHY: Surely Jay Powell will give Joke Biden a hand during the election campaign. Rate cuts will goose the price of gold. VERDICT: Hold, if you got it. Buy, if you don’t. [[Watch Now] Emergency Crypto Briefing]( BlackRock has opened the floodgates on crypto with their Bitcoin ETF proposal, causing a $30 TRILLION stampede of institutional money into the asset. James Altucher’s latest research shows that the SEC could approve their ETF application as soon as January 10th, which could cause even the tiniest cryptos to soar 10X, 50X, even 100X over the next 12 months…and could be your last chance to build generational wealth with crypto. He reveals all the details along with the first six tiny cryptos on his radar in his Emergency Crypto Briefing [>> Click Here to Watch Now<<]( [Click Here To Learn More]( Silver Silver also hasn’t sparkled yet. That’s fine. [Chart] The gold “fear” trade hasn’t taken off yet. The silver “greed” trade will take off once gold’s fear trade is in full force. THE WHY: Silver should rally hard once gold starts toward $2,340. The upside target is only $26.50 for now. But once this is passed, the following targets are $32.00 and then $50.00. If you own the miners, all the better. VERDICT: Hold, if you’ve got it. Buy, if you don’t. Crypto I’m only showing the Bitcoin chart, but I’m full crypto bullish. [Chart] This is going nowhere but up for now. The following price target is $55,500. After that, it should reach its all-time high of around $62,000. THE WHY: BTC, along with Ether and the rest of the alt-coins, will pop once the Fed commits to another round of easing. And with the national debt going from $33T to $34T in a month, the Fed must ease. VERDICT: Get long and stay long. The USD [Chart] I often wonder why anyone would want to own EUR, GBP, or JPY. And yet, the USD, though it started the year well, has been sold since October. The USD is the key. If it continues downward, you’ll need more of them to buy USD stocks. Stock, gold, silver, and crypto will all go up. Next Steps If I were you, I’d hold my stock portfolio steady. If you have some dogs in there, judiciously sell them. But don’t go to cash yet. If you own gold, silver, and crypto, “diamond hands” is the call. We may see a bit of a downturn, but that’s all it’ll be—just a quick correction. The risk is still to the upside. If you’re new to crypto, start reading my colleagues James Altucher and Chris Campbell. I learned loads from them, and you will, too. Wrap Up If you’re new to the Rude, you may wonder why I’m bullish. I was a permabear for years, and it got me nowhere. But the real reason now is that the real economy bears no resemblance to the stock market. And for as long as it remains that way, feel free to be a bull. Headlines will kill your trading strategy. Be positively inhuman when you’re reading them. Be rich. Don’t be right. All the best, [Sean Ring] Sean Ring Editor, X (formerly Twitter): [@seaniechaos]( In Case You Missed It… Harvard: Property of the US Government? [Sean Ring] SEAN RING Does the US taxpayer have a claim on America’s universities, even one as elite as Harvard? Perhaps I’m falling down a rabbit hole, but hear me out. After all, it’s happened before… The Dissolution of the Monasteries was a significant event in English history between 1536 and 1541 during the reign of King Henry VIII. It formally disbanded monasteries, priories, convents, and friaries in England, Wales, and Ireland. There were a few reasons behind it. For one thing, there was a growing sentiment against what was seen as the corrupt practices of the Catholic Church, including the monasteries. Henry VIII also wanted to consolidate his power and reduce the influence of the Church, which was a significant power in its own right. By dissolving the monasteries, Henry could gain more direct control over religious and political matters in his realm. Finally, and most significantly, the monasteries were incredibly wealthy and owned vast land. By dissolving them, Henry VIII could confiscate their wealth and property, which significantly bolstered the royal treasury and allowed him to reward his supporters with lands and titles. History may be rhyming again. After Friday’s Rude concerning [Elon Musk]( let’s turn our attention to Bill Ackman and his crusade against Harvard’s poor leadership. Bill Ackman Versus Harvard [I once wrote Bill Ackman owned “Wall Street’s most punchable face.”]( Ackman, 57, is the billionaire CEO of the Pershing Square Capital Management hedge fund. He did his undergraduate degree and MBA at Harvard. Ackman is Jewish and a Zionist. (Despite what they tell you nowadays, not all Jews are Zionists. And funnily enough, not all Zionists are Jewish.) Ackman was appalled that then-President Claudine Gay allowed Harvard students to walk around campus, blaming Israel for the October 8th Hamas invasion. He immediately put all his considerable resources at his disposal and tried to have Gay removed as Harvard's president. This was before any of the plagiarism charges were leveled against Gay. Of course, once it was plain Gay plagiarized her doctoral dissertation, Ackman piled on further pressure. I agree with Ackman on all this. Gay was a disgrace to the university and had to be removed. Ackman’s Wife Plagiarized, Too. Then came the retaliation. Zsa Zsa Gabor once said, “No rich man is ugly.” Following that proclamation, Neri Osman dumped Brad Pitt and married Bill Ackman. From [Wikipedia]( In 2006, Oxman launched an interdisciplinary research project at MIT called material ecology, to experiment with generative design. She became a professor at MIT in 2010, founding the interdisciplinary Mediated Matter group at the MIT Media Lab, and was awarded tenure in 2017. Osman was found to have missed quotation marks in her MIT dissertation and, therefore, to have plagiarized. From [The Wall Street Journal]( Oxman apologized and conceded that she “omitted quotation marks” in four paragraphs in the 330-page paper, even as she did credit her sources in her end notes and bibliography. “This wasn’t a question of stealing someone else’s ideas,” Mr. Ackman says, “but eight missing quotation marks.” Ackman accused Business Insider, the website founded by Henry Blodget, who himself is permanently barred from the securities industry, of not fighting fairly. As a father and husband, I’m tempted to side with Ackman. But his wife is a professor; how he didn’t expect them to fight dirty is beyond me. I also suspect that he thought his brilliant wife would know how to use quotation marks correctly. [Robert Sterling tweeted:]( Going after @BillAckman’s wife is one of the dumbest moves I’ve ever seen. MIT and Business Insider don’t understand the force of nature that’s about to come after them. This guy literally beat out Brad Pitt competing for his wife. While you were losing sleep over not having toilet paper during Covid, he was making $2.6B shorting the entire economy. The dude is just built different. Ackman is righteously pissed off. He’s motivated. He’s rich af, and he’s got some of the best research analysts in the world working for him (I worked in military intelligence, and DOD/IC analysts don’t come close to Wall Street short-sellers when it comes to autistically meticulous research). You think Gen Z clickbait journalists and MIT deans more comfortable in chemistry labs than in tense board-room proxy fights are ready for a guy like this once he gets on the war path? Yeah, right. Others were quick to point out Ackman’s hypocrisy. [Bill Ackman Tweet] Credit: [@nntaleb]( [Artnews headline] Credit: [@MaxBlumenthal]( The DEI folks won’t give up without a fight. But they may have picked a fight with the wrong dog. [Famed A.I. Expert "Do This By January 9th"]( [Click here to learn more]( Genius investor James Altucher is predicting between now and January 9, a new generation of A.I. will create a brief "wealth window" in America. It could make crypto look like pocket change... [Click here for all the details ]( [Click Here To Learn More]( A USG Takeover for Harvard? I ask one question, past the immediate repercussions: what if, at the end of all this, universities are indeed found to be flawed and nationalized? What if the USG dissolves them and takes over their assets? That’s why I brought up Henry VIII and his actions at the beginning of this piece. After all, despite Harvard’s $50 billion endowment, the USG still gives it over $1 billion per year. Can leftists with a straight face oppose a government takeover? If Henry VIII could take over the monasteries for their vast wealth, could Joe Biden’s government do the same? Would a second Trump administration even hesitate to do it if it could? Wrap Up I get what Ackman is doing and support his move to make academia more merit-based. I like that he’s attacking MIT in retaliation for outing his wife. (That’s what men do. Sorry, not sorry.) But it would be hilarious to me if Ackman inadvertently caused not more academic freedom but a government takeover of universities. This could be the excuse the USG needs. Henry VIII would laugh his fat ass off from the Great Beyond. Have a great week ahead. All the best, [Sean Ring] Sean Ring Editor, Twitter: [@seaniechaos]( [Paradigm]( ☰ ⊗ [ARCHIVE]( [ABOUT]( [Contact Us]( © 2024 1001 Cathedral Street, Baltimore, MD 21201. By submitting your email address, you consent to delivering daily email issues and advertisements. To end your e-mail subscription and associated external offers sent from , feel free to [click here.]( Please note: the mailbox associated with this email address is not monitored, so do not reply to this message. We welcome comments or suggestions at . 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