How to Know When the Stock Market’s In a Bubble

Stansberry Investor Hour

Stansberry Research

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4.4 • 677 Ratings

🗓️ 14 March 2019

⏱️ 65 minutes

🔗️ Recording | iTunes | RSS

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Summary

Extreme Value Editor Dan Ferris discusses the stock market’s 10-year bull market run since the S&P 500’s low in March 2009. He’s joined by Dr. Jeffrey Ross, CEO of Vailshire Capital Management to talk about how investing legends like Warren Buffett and Bill Ackman have been lagging their usual returns for the last 10 years.

Transcript

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0:00.0	Broadcasting from Baltimore, Maryland, and all around the world, you're listening to the Stansberry Investor Hour.
0:11.5	Tune in each Thursday on iTunes for the latest episodes of the Stansberry Investor Hour.
0:16.6	Sign up for the free show archive at investor hour.com.
0:20.2	Here is your host, Dan Ferris.
0:22.7	Hello and welcome everyone to another episode of the Stansberry Investor Hour. I am your host,
0:27.6	Dan Ferris. I'm the editor of Extreme Value of Value Investing Research Service published by
0:32.4	Stansberry Research. We have a great show lined up for you today. So let's get at it. Time for the weekly rant.
0:40.3	Now, if most investors already understood what I'm about to say and acted appropriately,
0:47.3	this whole rant would be totally unnecessary. Investors would be at zero risk of getting caught up in moments like the dot-com peak in March 2000,
0:58.2	housing bubble peak in 2007, and frankly probably somewhere around the current moment, I think,
1:04.1	maybe a little higher than this. But these moments do happen, so we clearly need to talk about them. Okay? Now, I can sum up
1:14.4	today's entire rant in just two words. Cycles matter. And it's a good time to talk about cycles
1:22.6	because we recently had the 10th anniversary of the big March 2009 stock bottom. That took place March 9th,
1:29.3	2009, when the S&P 500 bottomed at 666, the ominous 666. So, you know, market cycles,
1:38.8	economic cycles, credit cycles, industry cycles, they matter to you. If you buy stocks for your own account, these things
1:46.0	matter to you. If you own not just stocks, bonds, real estate, just about any asset you might consider
1:52.6	putting serious money into. You must understand how cycles affected or you are flying blind. And the fact is most things in
2:03.2	financial markets are cyclical, right? Markets are good for a while, then they're not so good
2:08.2	for a while. Oh, then they get better again. That's cycles, right? Sometimes the ups and downs are
2:12.9	huge. Sometimes they're more subdued. Okay. And as with a lot of things in these rants, this isn't just
2:19.1	about investing, right? It's about life. It's about using a time-honored principle of prudent,
2:23.7	wise living to inform your investment activity. Okay, and this stuff goes way back in the front
	...

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