In light of where the markets are at the moment, our friend Mike Palmer over at Stansberry Research brings up some interesting information that could prove to be helpful. We wanted to share it with you. - Ryan Fitzwater, Publisher
We'll Soon Cross Disastrous Line in the Sand Bank of America strategist Michael Hartnett went public recently and said that we are very close to what is "clearly a big 'line in the sand' for the Fed." Stansberry Research analyst Dan Ferris agrees. In fact, he says he's 100% convinced we will soon cross this line in the sand and that when we do, "something really, really big is going to break." As a result, Ferris says: "I believe the next 2 years will be some of the most difficult in American history - everything you have is now at risk." Ferris adds that: "Everyone is talking about the Fed and interest rates, but what they don't realize is the Fed doesn't control long term interest rates-those are controlled by the market." Ferris explains how since April, the market has sent 10-year rates are up 43%... and when the 10-year gets over 5%, which undoubtedly believes it will, "all hell is going to break lose." Ferris says while it's impossible to know exactly where the biggest problems will start, he can point to a bunch of industries and individual companies that will have major, major problems. This is why Dan Ferris recently went public with exactly where he believes the biggest problems will be in the months to come, and four steps he urges every investor should take immediately. We are in very dangerous territory right now. We've posted Dan Ferris' latest briefing on our website-I strongly encourage you can check it free of charge here, and to take a few of the simple steps Dan Ferris recommends. Sincerely, Mike Palmer Founding Partner, Stansberry Research |
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