Editor's Note: We're at the Stansberry Research Alliance Conference in Boston this week. And one of the most fascinating guys we've chatted with is Dan Ferris, who is back with another interesting quick note below...
Prepare to Be Wiped OutI don't mean any disrespect to anyone who's bullish... But it makes ZERO sense to me how anyone can be optimistic right now. Just look at the stories we've seen in the past few days: - Ally Financial (America's second-biggest car loan firm) just said charge-offs related to bad loans QUADRUPLED in the third quarter.
- Nearly 20% of homes that were under contract last month HAD TO BE CALLED OFF.
- 98% of CEOs are prepping for a recession in the next 12-18 months.
- The U.S. now only has 25 DAYS of diesel inventory left.
- All while consumer inflation continues to hit new extremes, and is now AT A 40-YEAR HIGH.
Heck, yesterday we saw stocks rally... on news of one of the weakest manufacturing reports over the last 20 years! Just let that sink in...  I couldn't agree more. And all of this is an even BIGGER problem when you consider that 68% of Americans make less than $58,000 a year. They can't pivot. They can't just keep putting it on credit cards, which have already risen at the fastest pace in 20 years... And they can't continue tapping into home equity, which is evaporating as real estate prices crash. Point being: Things are about to get really, REALLY bad for stocks. And this is going to be a total disaster for most Americans. If you aren't prepared for what's about to happen, I'm sorry – you're likely going to be wiped out. Not only that, you're quickly running out of time. So, take a moment to skim all my evidence and see my ironclad plan to survive what's coming, right here. It couldn't be more important today. Sincerely, Dan Ferris
Senior Analyst, Stansberry Research | 
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