You Know Market Euphoria, and This Isn't It

Today, folks are looking for any excuse to sell. But this is a chance to set yourself up for long-term gains – before excitement returns to the markets... [Stansberry Research Logo] Delivering World-Class Financial Research Since 1999 [DailyWealth] You Know Market Euphoria, and This Isn't It By Brett Eversole --------------------------------------------------------------- English artist Damien Hirst made headlines in July 2021... Anyone who bought from his newest collection – "The Currency" – would receive a non-fungible token ("NFT") instead of the original piece of art. Then, they had a year to decide which format they wanted to keep. If they chose the NFT, Hirst promised to destroy the original piece. In the end, 4,851 buyers decided to keep the NFTs. And Hirst began a mass burning of his original art. This whole story... creating art, turning it into an NFT, and then burning the original... is about as "peak bull market" a story as you could get. It's emblematic of where we were in 2021. Today, it's much different. Instead of throwing caution to the wind and buying, folks are looking for any excuse to sell. And while you might feel tempted to join them, know this... Buying in environments like today's is how you set yourself up for massive long-term gains. --------------------------------------------------------------- Recommended Links: ['Slowly, Then All at Once... This Is How Trust in Government – and Your Life Savings – Disappears']( On October 26, Porter Stansberry returns after three years with a big warning about 2023's historic bond market meltdown... and what's coming next. [Click here for details](. --------------------------------------------------------------- [An AI Reckoning Is Coming]( He called the 2020 crash, the 2022 bear market, and the 2023 bank run. Now, 40-year Wall Street veteran Marc Chaikin just issued a new alert about the AI market. If you have any exposure to stocks, this is a must-see message. [Click here for a new AI warning](. --------------------------------------------------------------- We're far enough past the mania of 2021 to begin putting it into historical context. And it's clear that it'll go down as one of the craziest moments of investor euphoria of our lifetimes. Meme stocks soared on hype from Internet message boards. Cryptocurrencies were minting millionaires. Everything was going up. Anybody with a pulse could make money investing in that kind of environment. And the more risks you took – even if those risks were downright stupid – the more money you made. Like it or not, that's what the wild, final stage of a bull market feels like. And while we're back in a bull market today, it certainly doesn't feel like it. Instead of falling over themselves to invest, everyone is looking for reasons not to act. For some, it's the fear of a recession... one that still hasn't shown up. For others, it's that the biggest stocks have been driving most of the overall gains this year. Heck, even the looming 2024 election has many investors in "wait and see" mode. Numbers can tell you plenty about how folks feel. But it's just as true that investor sentiment is something you can feel in the air. You know what a boom felt like in 2021... And today isn't like that. Not at all. Of course, I like to analyze the numbers too. One simple way to see today's negativity is CNN's Fear & Greed Index. This uses seven indicators to gauge investor sentiment. And while folks were getting greedy earlier this year, that trend has reversed in recent months... This indicator showed greed when folks were getting excited about stocks this summer. But the market has faltered since. And as a result, the index recently hit fear levels similar to last year's market bottom. This data matches up with the feeling in the air. Few investors are bullish right now... And many of those bulls are jumpy, looking for any excuse to change their minds. It's hard to go against the crowd in this kind of environment. The idea feels uncomfortable. But times like these are opportunities to set yourself up for long-term gains – before excitement returns to the markets. I urge you to take advantage of it. Good investing, Brett Eversole Further Reading Buying stocks that can reward you for years, when nobody wants them, is a fantastic wealth-building strategy. That's why panics are great opportunities to look for discounts on the market's most reliable companies. This "flash crash" story is a classic example... [Read more here](. "Clearly, folks are worried about the market right now," Matt McCall writes. "But historical trends indicate that now is not the time to panic." We've seen similar spikes in fear, based on one ratio – and, despite what you might expect, selling on those signals would have been a mistake... [Learn more here](. Market Notes HIGHS AND LOWS NEW HIGHS OF NOTE LAST WEEK CBOE Global Markets (CBOE)... trading-exchange operator Reinsurance Group of America (RGA)... reinsurance Unum (UNM)... insurance RenaissanceRe (RNR)... insurance Fair Isaac (FICO)... credit-score data analytics H&R Block (HRB)... tax-prep company Remitly Global (RELY)... online money transfers Costco Wholesale (COST)... membership-only stores Lululemon Athletica (LULU)... yoga pants American Eagle Outfitters (AEO)... apparel Abercrombie & Fitch (ANF)... apparel Construction Partners (ROAD)... roads Murphy USA (MUSA)... gas stations Frontline (FRO)... oil tankers Shell (SHEL)... oil and gas Hess (HES)... oil and gas Enterprise Products Partners (EPD)... oil and gas Williams (WMB)... natural gas Range Resources (RRC)... fossil fuels NEW LOWS OF NOTE LAST WEEK Morgan Stanley (MS)... financial services T. Rowe Price (TROW)... asset management PayPal (PYPL)... mobile payments Texas Instruments (TXN)... semiconductors Corning (GLW)... smartphone glass Pfizer (PFE)... pharmaceuticals Moderna (MRNA)... pharmaceuticals Thermo Fisher Scientific (TMO)... life sciences Ulta Beauty (ULTA)... makeup and skin care Hormel Foods (HRL)... food products Southwest Airlines (LUV)... airline United Airlines (UAL)... airline General Motors (GM)... automaker Crown Castle (CCI)... communications REIT Rayonier (RYN)... timberland --------------------------------------------------------------- [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@stansberryresearch.com. Please note: The law prohibits us from giving personalized financial advice. © 2023 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 [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. This work is based on SEC filings, current events, interviews, corporate press releases, and what we've learned as financial journalists. It may contain errors, and you shouldn't make any investment decision based solely on what you read here. It's your money and your responsibility.