What to Do After the Latest Market Crash

Episode #114 | August 8, 2019

Episode #114 | August 8, 2019

What to Do After the Latest Market Crash

In This Episode

Obviously you’re wondering what’s next after this week’s big market dip. And while Dan never pretends he knows for sure what’s coming, he is ready to give listeners some historical perspective.

When markets lose 2.9% in a day, people are understandably jittery. But Dan’s research shows the markets have lost more than 2.5% in a single day 287 times since 1990. You’ll be comforted to know what happened after each and every one of those crashes.

Dan then gets to the ongoing gold rally, and the fundamental case for getting gold out of dollars late in this cycle, before segueing to Trump’s new 10% tariffs, China’s currency devaluation, and the falling profits at Berkshire Hathaway.

Dan then gets to this this week’s podcast guest, the vaunted short seller Marc Cohodes.

Marc is a former General Partner of Rocker Partners/ Copper River from 1985-2009. He began his career at the Northern Trust Company in 1982 after graduating Babson College with a BS in Finance. He was the subject of a Harvard Business School Case study on his efforts to expose Mortgage Fraud at Novastar and accounting chicanery at Signet, and was named one of the “Power List: 25 movers and shakers we’re buzzing about” in 2017 by the Financial Post.

Porter Stansberry was so impressed by Marc at Jim Grant’s conference back in 2016, he turned to our company’s general manager and told him we needed this guy at one of our annual conferences.

Sure enough, Marc will be presenting alongside Dan and other Stansberry editors at the annual Stansberry Conference in Vegas, which still have a limited number of tickets available (click here to see how to claim a $500 Stansberry credit in the process).

Marc has made a career of never holding back in his blistering indictments of frauds and industry paper tigers – and we can’t wait to see what he reveals on stage this October, too.