Editor's Note: Our friend Joel Litman is Wall Street's "canary in the coal mine." No one knows Wall Street's warning signs quite like Joel. He called both the 2008 Financial Crisis and 2020 COVID crash months in advance. And now as stocks plunge and banks crater, he says the stars are once again aligning for a very specific kind of crisis... A New Wall Street Crisis Begins This WeekJamie Dimon wants you to feel better about what went down last week... And that the Wall Street crisis ahead will look nothing like 2008. In the days since JP Morgan took over First Republic, Dimon's assured investors that the U.S. banking system is "extraordinarily sound." But let's look at the facts... We saw similar reassurances back in March, when U.S. regulators bailed out Silicon Valley Bank customers. And things didn't get better. When big banks pumped $30 billion into First Republic – six weeks before it failed – we were promised a bona fide Wall Street rescue. And things didn't get better. Even when the meltdown went international, and UBS was forced to buy out Credit Suisse, it was all done in the name of bringing a global banking crisis to a screeching halt. And things STILL didn't get better. As a result, for some unlucky investors – things are actually about to get much worse. I don't say all this to scare you. But if you're looking to Wall Street for guidance – or simply, the truth – about the state of our nation's economy, banking system, or stock market... Well, you're better off reading tea leaves. So let me be clear... I agree that a full-blown crisis is headed straight for Wall Street. But it's NOT the crisis you're probably expecting. And while the banking panic will likely dictate the greatest winners and losers of this crisis... What's coming next could dictate YOUR wealth not just for the next year... But for the next decade. And you now have just weeks to prepare. Which is why I'm going on camera this Wednesday, May 10, with a brand-new battle plan I'm not sharing anywhere else. To lock in your spot, click here. Regards, Joel Litman
Chief Investment Strategist, Altimetry P.S. The last time we suffered this crisis, one of the most decorated investors on Wall Street lost billions. The media even speculated he would leave his firm – legendary $55-billion giant, Millennium Management – in utter disgrace. Well, as usual, the suits in charge are asleep at the wheel again. And if they can't help themselves through this, they certainly can't help you. Just like in 2008... and 2020... I have a radically different approach. One that could save and potentially even dramatically grow your wealth, in a moment of mass panic and fear. I laid out all the details for you, right here. | 