written by reader Stanberry Bear Market Summit

By JackInTheBox, May 16, 2019

So I’m sure many of you have heard Stansberry pounding the drum that they are joining with Jim Rogers to predict the next CRASH. They went all in, as this time the push was advertised on CNBC, XM Radio and more. They promised to give the ”best bear market stock to own” for free at the summit, which was last night. Hey lovely community; did anyone tune in for it? If yes, please be so kind and share the name of that stock. Thanks

This is a discussion topic or guest posting submitted by a Stock Gumshoe reader. The content has not been edited or reviewed by Stock Gumshoe, and any opinions expressed are those of the author alone.



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May 16, 2019 11:09 am

They didnt focus on it much, but it was Altria.

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May 16, 2019 5:07 pm

What was the gist of the event? Just some heavy bearishness and warning that the world is coming to an end? Or some more direct macro warnings?

May 19, 2019 8:30 pm

For the most part, I thought the May 15th summit entitled “Bear Market Survival Event” was quite good. In the first few minutes of the tape, there may have been a somewhat urgent warning that personal, corporate and national debts are way too high, making a bear market inevitable, but not the doom-and-gloom prophecy which has irked many Gumshoers. The concentration was on their 6-pronged strategy covering what an investor should do in preparation for and during a bear market.

But let me first get some of the “negatives” out of the way as such is necessary in answering the question being asked on this thread.

I believe the Summit was filmed awhile back and not LIVE as they had advertised. Early on, one of the panelists mentioned that he disagreed with a comment made by Janet Yellen. Of course we all know that Ms. Yellen has not been the Federal Reserve chairman for almost 2 (?) years now. Later on in the clip, they referred to General Electric as the “canary in the coal mine”. This, of course, is news from 2018 or even earlier. In the film, they were not fans of cryptocurrency but I think they’re changing their tune on that one today. There was no mention at all of the US-China Trade War, contrary to what was on every investor’s mind at the time the Summit aired. I didn’t stick around for the Q&A in the end, so I don’t know if crypto’s and China were discussed.

The day after the summit aired, Stansberry Research sent a transcript of the 6 strategies covered the night before via e-mail. The only notable difference between the video and transcript versions was the stock highlighted as an example for “Strategy #3: Watch for Uncorrelated Gems”. In the video, Porter Stansberry reveals his favorite (his words) to be Altria, adding Philip Morris as a bonus stock for this strategy. However, the transcript version does not mention MO nor PM. Their prime example for an “uncorrelated gem” was Chipotle (CMG).

So whichever version you believe, the point is to look for a stock that has been beaten down due to non-related market forces or public sentiment, solutions for which are on their way to being resolved if not already in place.

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