Friday, February 12, 2021

Prepare for a 'Cash Panic'

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Edward,

The Nasdaq just hit 13,000 for the first time in history...

Bitcoin's topped $40,000 - just days after cracking $30,000...

The words "mania," "euphoria," and "frenzy" are all over the financial press...

But is there more to the story?

Even professional money managers are buying into a market that seems unflappable - even in the face of a global pandemic, historic unemployment, and civil unrest.

In fact, a recent Bank of America Merrill Lynch survey highlighted fund managers stampeding OUT of cash at record levels...

And pumping billions of dollars into a specific corner of the financial markets.

What's really going on?

And what does it mean for YOUR money in the early days of 2021?

To get the answers, I recently sat down with a finance Ph.D. who first warned of this "cash panic" in 2015.

He told me a dramatic financial event – over 20 years in the making – has finally begun.

And the consequences for our financial system, the American people, and YOUR wealth, could last a decade.

He says:

"We are at the very beginning of a mass financial panic – but not the kind most people expect. If you aren't prepared for what's coming, you will quickly get left behind."

After hearing the shocking details of this event, I'm trying to get his message into the hands of as many Americans as possible.

So I made our interview available to you, right here, absolutely free.

It includes the name of a stock that could directly benefit from what's about to unfold.

I urge you to watch while there's still time to take action.

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Regards,

Kelly Brown
Managing Director, Stansberry Research
Delivering World-Class Financial Research Since 1999

To accept this special invitation, click here.

 
Indexes Snapshot
Symbol Last Change %
Dow Jones Industrial Average 31430.70 -7.10 -0.02%
NASDAQ Composite 14025.77 +53.24 +0.38%
S&P 500 3916.38 +6.50 +0.17%
SPDR S&P 500 390.92 +0.84 +0.22%
iShares Russell 2000 ETF 226.96 +0.08 +0.04%
U.S. STOCK INDEXES

The Dow closed lower due to profit taking as it ended an eight-day rally on Thursday. The high-range close sets the stage for a steady to slightly lower opening when Friday's night session begins trading. Stochastics and the RSI are overbought but remain neutral to bullish signaling sideways to higher prices are possible near-term. This week's rally into uncharted territory, upside targets will be hard to project. Closes below the 50-day moving average crossing at 30,564.25 would signal that a short-term top has been posted. First resistance is today's high crossing at 31,543.82. Second resistance is unknown. First support is the 20-day moving average crossing at 30,911.20. Second support is the 50-day moving average crossing at 30,564.25.

The March NASDAQ 100 posted an inside day with a higher close on Thursday. The high-range close sets the stage for a steady to higher opening when Friday's night session begins trading. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If March extends the rally off September's low into uncharted territory, upside targets will be hard to project. Closes below the 20-day moving average crossing at 13,340.16 are needed to confirm that a short-term top has been posted. First resistance is Wednesday's high crossing at 13,769.25. Second resistance is unknown. First support is the 10-day moving average crossing at 13,481.45. Second support is the 50-day moving average crossing at 13,340.16.

The March S&P 500 closed slightly higher on Thursday. The high-range close sets the stage for a steady to higher opening when Friday's night session begins trading. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If March extends the rally into uncharted territory, upside targets will be hard to project. Closes below the 50-day moving average crossing at 3756.46 would signal that a short-term top has been posted. First resistance is Wednesday's high crossing at 3928.50. Second resistance is unknown. First support is the 20-day moving average crossing at 3827.78. Second support is the 50-day moving average crossing at 3756.46.



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