Dear Louis, According to a new Gallup poll, Americans haven't been this worried about the safety of their money since the Great Recession. More specifically, they haven't been this scared since September 2008 – the month Lehman Brothers collapsed. And can you blame them? Even Wall Street's spooked. A string of resignations and liquidations have plagued what were once the most prolific portfolio managers on the street. Entire teams have been liquidated, with little-to-no fanfare! One Wall Street headhunter even just said: "It can't get much worse than this." Here's exactly why. It has never been more important to understand why this is happening – and what it means for your money in the coming weeks. Which is why my friend Joel Litman just issued a dire warning. In June 2008, Joel made financial history when he warned a room full of investors, accountants, bankers, and private money managers that Wall Street was headed for a full-blown crisis. Lehman Brothers collapsed three months later... And by October, stocks were officially in freefall. Now today, Joel says Wall Street is quietly preparing for a new reckoning... And he's revealing the exact date it will hit U.S. stocks. Regards, Marc Chaikin Founder, Chaikin Analytics |
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