To Be Truly Successful, You Have to Go All In

Stansberry Investor Hour

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4.4 • 677 Ratings

🗓️ 13 February 2020

⏱️ 61 minutes

🔗️ Recording | iTunes | RSS

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Summary

This week, Extreme Value Editor Dan Ferris explores whether the coronavirus inspire further rate cuts from the Federal Reserve. He also answers listener questions about the Fed and its policy. Our guest, Mark Minervini explains his “burn the ships” mentality for investors. He shares how in order to be truly successful, investors have no choice but to go all in with everything they have.

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.
0:22.8	Hello and welcome to the Stansberry Investor Hour. I'm your host, Dan Ferris. I'm also the
0:27.7	editor of Extreme Value, published by Stansberry Research. Today we'll talk with champion
0:34.0	stock trader Mark Minervini. He's one of the guys in Jack Schweigers book Stock
0:39.2	Market Wizards. You know those guys are the best traders in the world, so I cannot wait to talk to
0:45.7	Mark. But before we do that, let's just talk about bonds a little bit, okay? Last week,
0:52.5	our guest, Ralph Powell, said, buy bonds, wear diamonds.
0:56.8	That's an old Wall Street adage he's using today because he thinks bonds are due for one more
1:03.5	epic run-up as the Federal Reserve cuts interest rates. He expects weak economic data this month and, you know, the coronavirus too,
1:13.0	to inspire a total of 100 basis points of interest rate cuts by the Fed. That's a lot. I mean,
1:21.1	normally that would be like that's like four quarter point cuts or he thinks maybe 250 point cuts.
1:26.2	That's a lot of interest rate cutting by the Federal
1:29.0	Reserve. The Fed funds rate, the rate that the Fed actually manipulates, it's currently 1.75%.
1:36.6	If RAL is right, it'll wind up around 0.75 percent sometime later this year. As I understood his argument, as early as June, certainly by the end of the year. And if that happens, you will get a nice move up in short-term bonds. And he mentioned short-term bonds and euro dollars as ways to do this. So I told Rao, you know, most of our listeners
2:05.2	and Stansberry readers are into stocks. You know, he said, that's okay. Just remember the TLT is your
2:11.8	friend. And TLT is the ticker symbol for the big ETF that own longer longer term treasury bonds, that that one ought to move
2:19.0	as well. You might also remember something really cool. He listed big asset classes in the
2:27.0	order of which they're from the most macro sensitive to least macro sensitive. So the ones at the top
2:33.6	of the list are most sensitive to Federal macro sensitive. So the ones at the top of the list are most sensitive to
	...

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