Dear Louis, Tomorrow, I'm revealing the name and ticker symbol of a company I think will suffer the same fate as the banks that collapsed earlier this year. I'm talking, of course, about Signature Bank and Silicon Valley Bank – two of the biggest bank failures in history, happening within 48 hours of each other. Before it collapsed, Signature Bank was worth $100 billion... SVB was worth over $200 billion... And everyone thought they were too big to fail... Until they did. But my Power Gauge sounded the alarm on both of them, nearly a year in advance:   Now, one of the most pervasive myths on Wall Street is that you can't predict these kinds of events... But as I'll explain tomorrow, these banks showed many red flags long before they collapsed – including poor earnings, unchecked growth, and even negligence. (It turns out SVB was operating without a Chief Risk Officer – which, during a year of unprecedented interest rate hikes, is like doing brain surgery without the surgeon.) In short: I stepped forward in November 2022 to warn that a devastating collapse was headed straight for the U.S. financial system in 2023... And tomorrow, I'm stepping forward once again to share my next big warning for 2024. Don't miss it. Good investing, Marc Chaikin Founder, Chaikin Analytics P.S. For me, one of the most frustrating and disappointing stories in this whole bank collapse story is this: Auditors at KPMG rubber-stamped SVB with a clean bill of health just two weeks before it collapsed! (KPMG is now being sued.) I know this is somber news... but it doesn't have to be this way. It's why I built my Power Gauge – to put the facts where they belong, in the hands of everyday people. And it's why I'm going public tomorrow with my next big stock warning. Here's everything you need to know before then. |
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