This Week: 2008 Déjà Vu

I was in a meeting with a small group of hedge fund guys who follow our work. There couldn't have been more than 12 people in the room, including Steve Cohen's team. [Stansberry Digest] Publisher's Note: Pentagon consultant Joel Litman famously called the financial meltdown in 2008 – months in advance. In the note below, he explains the extreme déjà vu he's feeling today... and an untold story from the Great Recession that could decide if you see [huge potential gains (or suffer massive losses)]( in the early days of 2024... --------------------------------------------------------------- This Week: 2008 Déjà Vu You may know that I haven't been this bearish on stocks since 2008... When I announced to a room full of Wall Street's best and brightest that their house of cards was about to come crashing down. [And, as I explain here, I feel extreme 2008 déjà vu as we head into the new year... for ONE alarming reason.]( But here's part of the story you may not know... In 2009, I was in a meeting with a small group of hedge fund guys who follow our work. There couldn't have been more than 12 people in the room, including Steve Cohen's team. They all asked me for [my next big Wall Street warning]( – and the specific stocks I believed they should sell ASAP. But at that moment, my top investing ideas weren't stocks to avoid... [They were stocks to BUY.]( Because everything I was seeing told me that we were in the early days of an extraordinary buying opportunity in a shortlist of very specific stocks. So, I gave them [my top recommendations instead.]( And sure enough, they went on to be some of the biggest winners of the financial crisis: - Timberland, before it jumped 301%... - Liz Claiborne, which soared 878%... - HanesBrands, before it jumped 445%... - And Skechers, before it skyrocketed 1,566%. This represents an investment lesson you MUST learn if you want the chance to make any money in 2024. While we've had big winners when stocks are soaring and the economy is booming... As I proved during the Great Recession – [we'll often see a surge of big winners when the financial markets destabilize.]( That's how I was able to recommend SIXTEEN 100% winners in the aftermath of the Covid crash and recession in 2020... And how I was able to close three 100% winners in 2022 – during the worst year for stocks since 2008. Now, I won't sugarcoat it... Just like in 2008, I see a LOT of pain dead ahead for the majority of U.S. equities. As a result, [I am only extremely bullish on ONE type of stock for 2024.]( Just one. In the sea of red I'm seeing for 2024, this is truly the ONLY type of equity I see delivering massive potential gains from here. I'm talking potential doubles... triples... even 500% gains – while half or more of the market is in the red. So, you can understand why I essentially dropped everything to pound the table on this before the new year. [For the only type of stock I urge you to BUY now – before 2024 begins – go here.]( Regards, Joel Litman Chief Investment Strategist, Altimetry Published by Stansberry Research. You have received this e-mail as part of your subscription to Stansberry Digest . If you no longer wish to receive special offers from Stansberry Digest, [click here](. You’re receiving this e-mail at {EMAIL}. Stansberry Research welcomes comments or suggestions at feedback@stansberryresearch.com. This address is for feedback only. For questions about your account or to speak with customer service, call 888-261-2693 (U.S.) or 443-839-0986 (international) Monday-Friday, 9 a.m.-5 p.m. Eastern time. Or e-mail info@stansberryresearch.com. Please note: The law prohibits us from giving personalized financial advice. © 2023 Stansberry Research. All rights reserved. Any reproduction, copying, or redistribution, in whole or in part, is prohibited without written permission from Stansberry Research, 1125 N Charles St, Baltimore, MD 21201 [stansberryresearch.com](.