In a week of the debut of Elon Musk’s underground tunnel, a #MeToo outcry against “Baby, It’s Cold Outside,” and a British currency crash in the wake of a delayed Brexit vote in Parliament, there’s a lot for Dan Ferris and Buck to unpack this week. Most significant for investors – and surely on a lot of minds – is JPMorgan’s warning that a 70% likelihood of a recession is looming. Dan explains why the projection is utterly irresponsible – and why, instead of predicting recession, value investors can prepare for one regardless.

In the wake of Tuesday’s market carnage, with almost all of the major indices losing 3% of their value, Dan sees a rough slog ahead for almost all U.S. stocks. By any reasonable metric, stocks are a bad deal – but a few diamonds exist in the rough. Of course, there are not just bad deals to be found, but also outright land mines for investors, as is the case with GE, whose rotten pension dilemma Dan breaks down this week for listeners. Later on, Dan and Buck are joined by Dr. David (Doc) Eifrig and Stansberry Senior Analyst Matt Weinschenk. Doc has a storied past working for years trading derivatives at Goldman Sachs before leaving Wall Street to become an eye doctor before finally joining Stansberry in 2008. Matt has spent over a decade as an investment analyst and six of those have been here with Doc.

In a week that included a one-day 257-point surge for the Dow, record Black Friday spending, and a legal challenge to Apple’s “monopoly” continuing its march to the Supreme Court, Buck once again brings on Extreme Value editor Dan Ferris to make sense of things. In the wake of Elon Musk’s own admission that Tesla “almost died this year,” Dan breaks down the latest numbers: as it produces 1,000 Model 3 sedans a week in Q3 and keeps bleeding cash, his position on Tesla “has never changed.”

As the selloff continues, a lot of familiar names are making history in the worst kind of way. Facebook is on track to post its longest losing streak ever, with its third straight month in the red. And while a recent New York Times report savaging its top management won’t help any, Dan Ferris notes that value investors still like the company – if they’re willing to wait 2-5 years. But Facebook is far from the only big name on the run.

This week’s continued market selloff had some high-profile casualties – and brings to mind a great Warren Buffett quote that, “Only when the tide goes out do you discover who was swimming naked.” One of the biggest casualties was beleaguered GE stock, down another 15% from just last week. Buck shares an amazing finding with Extreme Value editor Dan Ferris – turns out, if you’d bought GE in 1994 and held on, your shares would be worth the same amount of money today. Dan thinks the worst may be yet to come. In fact, he says the stock has a chance of going to zero. “I’ve never said that before.”

Meanwhile, with markets reacting to a split decision that invites a new era of gridlock, Dan Ferris gives the lay of the value investing land, starting with the moves of the greatest value investor of all time. “You can’t be a value investor and not talk about what Warren Buffett is doing.” Dan’s got a theory of why Warren Buffett has held on to a cash hoard of over $100 billion for five quarters now, and what his relatively meager $1 billion buyback of Berkshire stock really signals. They’re joined by this week’s special guest, Chris Cole.

With markets continuing their whipsaw movements, it’s hard to know where the dice will fall. But with the major indices up almost 2% yesterday, there are a lot of tea leaves to go over – and a lot of bargains still to be had. In a choppy week for markets, Extreme Value editor Dan Ferris joins us again to give his take on what this signals for stocks – and in a week where all sorts of quality companies are trading at discounts, where the biggest opportunities can be found.

Everyone’s rattled. It’s one thing to understand the logical argument for Dr. Steve Sjuggerud’s “Melt Up” thesis – but that doesn’t mean weeks like this, while historically normal, are fun to watch. With Friday morning bringing on another down day as tech reported weak earnings, plenty of brand names are trading significantly lower than they were Monday morning.

Buck Sexton is riding solo in this 73rd episode of Stansberry Investor Hour, where he dives right into the latest political controversy – Elizabeth Warren’s DNA test revealing herself to be anywhere from 1/64th to 1/1,024 Native American.

We're joined for this 72nd episode of Stansberry Investor Hour by Dr. Steve Sjuggerud and his lead analyst, Brett Eversole. Fresh from the Stansberry investor summit in Las Vegas last week, they're here to give us their take on the stock market's crazy ride this week - as well as some details on Stansberry's big "Meltinar" Event coming October 24.