Picture Perfect Example of Stock Market Excess

Stansberry Investor Hour

Stansberry Research

America, How, To, Crash, Money, Learn, Stansberry, Income, Research, Debt, Stocks, Porter, Business, Realestate, Banking, Investment, American, Investing, Invest, Howtosave, Sjuggerud, Ferris, Eifrig, Jubilee, Buck, Sexton, Market, Bonds, Churchouse, Savings, Options, Lashmet

4.4 • 677 Ratings

🗓️ 31 July 2020

⏱️ 73 minutes

🔗️ Recording | iTunes | RSS

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Summary

Dan's been ranting about excess in the stock market for ages. And today, he's found the perfect example... when earlier this week one of the least innovative businesses in recent memory soared over 1,400% thanks to some surprising news.

Then on this week's interview, Dan welcomes guest Amity Shlaes on to the show. Amity chairs the Board at the Calvin Coolidge Presidential Foundation, famous for sponsoring the Coolidge Scholarship, a full academic scholarship for academic merit.

Amity has written five books, four of which are New York Times Best Sellers, including The Great Society: A New History, The Forgotten Man, Coolidge, and The Greedy Hand. Dan and Amity discuss several of her books and how the historical episodes she writes about are instructive for investors today.

And finally on the mailbag, one listener asks Dan... what's going on with silver? And another listener asks, Dan, you've been right on so many calls... why aren't you more aggressive?

Transcript

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0:00.0	Broadcasting from the Investor Hour Studios and all around the world, you're listening to the Stansberry Investor Hour.
0:11.5	Tune in each Thursday on iTunes, Google Play, and everywhere you find podcasts for the latest episodes of the Stansberry Investor Hour.
0:20.1	Sign up for the free show archive at InvestorHour.com.
0:23.6	Here's your host, Dan Ferris.
0:26.6	Hello and welcome to the Stansberry Investor Hour.
0:29.6	I'm your host, Dan Ferris.
0:30.6	I'm also the editor of Extreme Value published by Stansberry Research.
0:35.6	Today we'll talk with Amity Schlaes. She has written several
0:40.7	books, including four New York Times bestsellers. We'll talk about one or two of us today and how
0:46.0	the historical episodes that she writes about are instructive for us today. This week in the mailbag,
0:53.2	Tony Jay has a question about why silver has been on fire lately,
0:57.7	and listener Dave P wants to know why I'm not being more aggressive with my advice.
1:04.0	In my opening rant this week, we'll talk about signs of excess in the stock market.
1:08.4	If only I could find them.
1:13.4	That and more right now on the Stansberry Investor Hour. Where, oh, where are they? Where are the signs of excess in the stock
1:24.4	market? Oh, oh, wait a minute. What's this? It seems that Kodak was up as much as
1:32.5	1400% over a two-day period earlier this week. My goodness, what's that all about? Well, it's a little
1:41.7	crazy. Actually, I take that back.
1:45.2	It's a lot crazy.
1:47.8	The thing is, Kodak, of course, you know who Kodak, Eastman Kodak, the film company, right?
1:53.3	They were the big film company.
1:55.1	Their brand was as solid as any brand has ever been, you know, in the 70s and the 80s and somewhat into the 90s,
	...

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