Editor's Note: Are the worst of these wipeouts over? JP Morgan just told us yes, but our friend Joel Litman (a consultant to the Pentagon) says no. In fact, he's sounding the alarm on what he's calling "Wall Street's next crisis", due to hit in the next 60 days. Here's what you need to know... 20X Bigger Than the First Republic CollapseIf you're wondering, "Is this week's collapse the end of the wipeouts?"... Heck no. Listen, we've just seen three banks collapse – and their assets are greater than the 25 banks that failed in 2008 – combined. But frankly, my focus is on another big event that's going to rock the U.S. stock market in the next 60 days. Unfortunately, most folks are completely unaware of it (and nobody on Wall Street is in much of a hurry to tell them). It's set to be 20X BIGGER than the First Republic collapse with abnormally large losses to follow. The LAST time this happened, investors on the losing side lost up to 60% of their capital. Everybody on Wall Street is scrambling to prepare... including 63 funds, like Millennium Management, Citadel, and Point72 – and you should too. As of today, you've got just weeks to make sure you're on the right side of history... I explain exactly what you can expect right here. Don't miss it. The clock's ticking. Regards, Joel Litman
Chief Investment Strategist, Altimetry | 