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Man Who Predicted Lehman Crash Makes New Warning for 2023
In April of 2008, after stocks had already crashed 20%, I penned the following to a small group of people who followed my work…
"The financial crisis isn't half over yet, and you need to know just how big it really is…Anyone who's calling a bottom to this mess right now is going to be wrong for a long time."
In the same letter, I recommended folks quickly short the massive financial house Lehman Brothers.
It was a shocking prediction. At the time Lehman Brothers was the fourth-largest investment bank in the United States, with about 25,000 employees worldwide… and $680 billion in assets under management. They'd been profitable for 55 quarters in a row without a single loss.
No one expected that that before the year ended, thousands of fired financial professionals would be wandering the financial district in New York city carrying their careers in a cardboard box.
But exactly five months later, Lehman was bankrupt… and anyone who took my advice saw a near-perfect 82% return.
In the same letter I also warned my followers to stay far away from bank stocks and homebuilders a full five months before Ben Bernanke went to Congress to ask for $700 billion to bail out the banks.
Today I'm sharing a NEW and equally unbelievable warning.
And it's already playing out the way I predicted.
This will have far greater implications on your wealth than the collapse of a single company, no matter how large. I believe it is the most important financial event to pay attention to for 2023, though most will miss it.
I regret not being louder about my Lehman call, and will not repeat the same mistake.
My ability to navigate extreme market shifts has landed me in Barron's and Bloomberg…
Yet, I'm sure you'll be hesitant to believe me.
I've put together all the PROOF showing the next decade in the markets could bring an unwelcome surprise to your retirement, if you don't take a few specific steps right now.
But I'll let you be the judge…
Click here to watch my latest warning for free.
Regards, Dan Ferris Senior Analyst, Stansberry Research
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