This Boom's Poster Child Has More Upside Ahead

Call it a speculative mania... Call it madness fueled by the Federal Reserve... Heck, call it the biggest investment bubble of all time, if you want... [Stansberry Research Logo] Delivering World-Class Financial Research Since 1999 [DailyWealth] This Boom's Poster Child Has More Upside Ahead By Ben Morris and Drew McConnell, editors, DailyWealth Trader --------------------------------------------------------------- Call it a speculative mania... Call it madness fueled by the Federal Reserve... Heck, call it the biggest investment bubble of all time, if you want. If we could jump forward 10 years and look back, we'd probably nod our heads in agreement. Whatever we end up calling it in the future, though, the present moment still offers incredible moneymaking opportunities right now. And as long as you're thoughtful about the risks, we strongly recommend you participate. Stocks have seen big gains, of course. The benchmark S&P 500 Index is up 588% from its March 2009 low... And the tech-heavy Nasdaq Composite Index is up nearly twice that – an incredible 1,140%. But the real poster child for this boom/mania/bubble is uncontested... --------------------------------------------------------------- Recommended Links: [ATTENTION: Explosive Crypto Opportunity on November 17]( Just $5,000 invested in some of Eric Wade's crypto picks would have turned into: $77,905, $85,704, $86,999, $111,420, $129,110, and even $211,725. If you missed out, you'll get a rare second chance on November 17, when Eric is going live with the biggest prediction of his career. It all centers around an unprecedented event this January that could send SIX tiny coins skyrocketing. [Click here to learn more](. --------------------------------------------------------------- [Buy Mimecast (MIME) Immediately]( The Wall Street legend who helped create America's stock-rating system says this stock could soon be rated a "strong buy" at every bank in New York City and Boston. "It's all part of the biggest prediction of my 50-year career on Wall Street," he says. "It's a massive and surprising new transition that could determine the next group of millionaires." [Click here to learn more](. --------------------------------------------------------------- Cryptocurrencies didn't exist in 2009. Bitcoin started trading in July 2010. Yet it now has a market value in excess of $1.2 trillion. And the entire cryptocurrency space – which now includes more than 10,000 "coins" – has about $3 trillion in combined value. A lot of folks have already seen breathtaking gains. And as we'll show you today, the price action in bitcoin and Ethereum – the top two "blue chip" cryptocurrencies – suggests that cryptos could still have a lot of room to run. So please, be skeptical, be cautious... and participate. Let's first look at the price action in bitcoin... Bitcoin is still the largest cryptocurrency by a wide margin. As we noted above, it has a $1.2 trillion market value. That's more than double Ethereum's $560 billion market value. (These two account for about 60% of the value of the entire cryptocurrency universe.) In the chart below, you can see that bitcoin jumped above its [200-day moving average (200-DMA)]( – a popular measure of the long-term trend – in September. Then, bitcoin soared up to its former all-time high from April – which was an important "resistance" level – and paused for the past few weeks. Over the weekend, bitcoin turned higher again and is now trading within a hair of fresh all-time highs... Bitcoin is above its 200-DMA. And it's now pushing back above its prior all-time high from April. It's OK if you aren't familiar with these technical signals... The important thing to know is, these are very bullish signs for bitcoin and the cryptocurrency sector, in general. With that in mind, let's consider the price action in Ethereum... In the chart below, you can see that Ethereum has followed a similar path to bitcoin. It dipped to its 200-DMA in September. Then, it hooked higher and blasted through its old all-time highs. Again, that was a key resistance level. Over the past few days, Ethereum has soared... There's a lot to like about the recent price action in Ethereum. It has been stronger than bitcoin lately. And it's already trading at new all-time highs. With the top two "blue chips" of crypto near or at all-time highs, we're bullish... We expect more gains to come. Now, anything in this still-new asset class is far from certain. So consider the money you allocate to bitcoin and other cryptocurrencies as purely speculative. How you manage risk in this space depends on a few factors... - If you're already in, have you already taken your initial cryptocurrency investment "off the table"? - How big is your allocation to cryptocurrencies in terms of your total net worth? Can you handle a 50% to 75% drop in cryptos? - Can you sleep well at night? Are you checking the cryptocurrency market at all times of the day and night? We can't tell you how little is too little or how much is too much for your personal finances. We can only say that we suggest you own some cryptocurrencies... and that you be comfortable with your answers to the questions above. Cryptocurrencies are at or near all-time highs... And there could be much bigger gains to come. Good trading, Ben Morris and Drew McConnell Editor's note: On November 17, Stansberry's "crypto guru" Eric Wade is going on camera to reveal an unprecedented event that's coming for the crypto markets. He'll share why it could send six specific coins skyrocketing... giving investors a rare chance to make 10 times their money in as little as three months. Plus, he'll give away the name of one of these coins – no strings attached. [Sign up to attend for free here](. Further Reading It might sound crazy, but cryptocurrency investors are willing to hold – and even buy more – despite all the volatility in the asset. That's because cryptos are unlike any other kind of investment on the market... Read more here: [The 'Lightning in a Bottle' That Makes Cryptos Unstoppable](. "Most people stick with what they know," Eric Wade writes. It can be scary to diversify into an asset class you aren't familiar with. But by overcoming your bias, you'll discover some game-changing opportunities... Learn more here: [These Investors Are Overcoming Their 'Default Bias'... Can You?]( INSIDE TODAY'S DailyWealth Premium The path of least resistance means more gains for U.S. stocks... Bitcoin isn't the only asset that's breaking out. U.S. stocks are back at all-time highs. And we could see even higher highs thanks to the path of least resistance... [Click here to get immediate access](. Market Notes MORE PROOF THAT 'SELLING THE BASICS' IS A WINNING STRATEGY Today, we're checking in on another "basic" company that's delivering steady gains... DailyWealth readers know we're fans of many companies selling everyday items, like [snacks]( and [cleaning supplies](. While that may not be exciting, they sell the staples that folks use on a regular basis – and that leads to steady, reliable sales. Just look at today's company, for example... [Procter & Gamble (PG)]( is a $355 billion consumer-goods powerhouse. Its 65 brands are sold in 180 countries around the world. And they can be found all over your house, too... from Tide detergent to Bounty paper towels to Pampers diapers. Folks depend on these products every day – and they always have to keep buying more... In the most recent quarter, the company's total sales were up 5% year over year to $20.3 billion. Of that revenue, it returned $5 billion to shareholders in dividends and stock buybacks. As you can see, PG shares are up roughly 70% over the past three years, including dividends. They also recently hit a new all-time high. And as long as folks keep buying Pampers and Tide, this uptrend should continue... --------------------------------------------------------------- [Tell us what you think of this content]( [We value our subscribers’ feedback. To help us improve your experience, we’d like to ask you a couple brief questions.]( [Click here to rate this e-mail]( You have received this e-mail as part of your subscription to DailyWealth. If you no longer want to receive e-mails from DailyWealth [click here](. Published by Stansberry Research. You’re receiving this e-mail at {EMAIL}. Stansberry Research welcomes comments or suggestions at feedback@stansberryresearch.com. This address is for feedback only. For questions about your account or to speak with customer service, call 888-261-2693 (U.S.) or 443-839-0986 (international) Monday-Friday, 9 a.m.-5 p.m. Eastern time. Or e-mail info@stansberrycustomerservice.com. Please note: The law prohibits us from giving personalized investment advice. © 2021 Stansberry Research. All rights reserved. Any reproduction, copying, or redistribution, in whole or in part, is prohibited without written permission from Stansberry Research, 1125 N Charles St, Baltimore, MD 21201 or [www.stansberryresearch.com](. Any brokers mentioned constitute a partial list of available brokers and is for your information only. Stansberry Research does not recommend or endorse any brokers, dealers, or investment advisors. Stansberry Research forbids its writers from having a financial interest in any security they recommend to our subscribers. All employees of Stansberry Research (and affiliated companies) must wait 24 hours after an investment recommendation is published online – or 72 hours after a direct mail publication is sent – before acting on that recommendation. 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