Martin Weiss

With GM now on its death bed ...

With Bank of America, Citigroup and AIG on life support ...

With General Electric, JPMorgan Chase and Well Fargo in intensive care ...

And with Moody’s now predicting that corporate bond defaults will exceed those witnessed in THE GREAT DEPRESSION ...

There is little doubt that this great bear market will continue to rage as far as the eye can see.

Here’s what I’m doing to help you keep your wealth growing no matter HOW much farther stocks fall from here ...

Dear LEE,

What, to most people, has been a raging tempest may actually be the calm before the real storm:

• GM IS ON ITS DEATH BED: Two years ago, I warned you that General Motors was headed for bankruptcy. This morning GM’s own auditors revealed an unnamed “material weakness” in the company’s accounting — and warned that there’s serious doubt the automaker will survive.
  
  
• BANK OF AMERICA, CITIGROUP AND AIG ARE ON LIFE SUPPORT: As soon as dire realities force Washington to pull the plug, these giant institutions will be in bankruptcy.
  
  
• GENERAL ELECTRIC IS IN INTENSIVE CARE: S&P has already issued a negative outlook on GE’s debt and, this week, Moody’s is considering slashing the company’s credit rating — a strong signal that the company may soon be fighting for its life.
  
  
• JPMORGAN CHASE NEXT? This morning, Moody’s slashed its outlook to negative. Ditto for Wells Fargo.

To me, JPMorgan Chase is the most worrisome of all. After all — it is America’s largest bank with a market value that’s greater than Wells Fargo, Bank of America and Citigroup combined!

Remember: JPMorgan Chase & Co. holds $91.3 trillion in derivatives — a notional value that’s 40.6 times its total assets — including $9.2 trillion credit default swaps, hands-down the riskiest form of derivatives.

Worse, the U.S. Comptroller of the Currency warns that JPMorgan Chase Bank is also exposed to extremely large credit risk with its derivatives trading partners: For each dollar of capital, the bank has credit exposure of $4.00 — nearly twice the average exposure of Bank of America and Citibank.

BOTTOM LINE: America’s four largest banks — JPMorgan Chase, Citibank, Bank of America and Wells Fargo — are ALL major threats to our nation’s future and to your money!

The broad picture is equally bleak ...

Bloomberg just reported that the AVERAGE S&P company suffered a massive 58% plunge in earnings in the last three months of last year.

Moody’s Investors Service now predicts that corporate bond defaults will more than triple this year — and exceed the levels seen during the great depression!

JPMorgan itself is warning that AT&T Inc. ... DuPont ... Textron and 20 other huge non-financial companies will likely cut or eliminate their dividends in an effort to survive.

The Fed, meanwhile, is only now truly admitting something’s wrong. After first predicting that the crisis “would end in 2008” ... then postponing their recovery forecast until the first half of 2009 ... and then delaying it again until the second half of 2009 ...

Ten of the Fed’s 12 district banks have just warned that they now see no hope of a bottom or recovery until the end of the year or in 2010.

The good news: The investments that rise when stocks fall are already spinning off enormous profits.

And as the Dow, the S&P and the Nasdaq continue to plunge in the weeks ahead, they offer you the opportunity to grab huge profit potential.

Because I’m so serious about helping you grow your wealth through these tricky times — and so committed to helping you to harness the money-making power of this bear market confidently, easily and profitably ...

I’m putting $1 MILLION of my own
money where my mouth is:

Just last week, I deposited one million dollars in my “Million-Dollar Contrarian Portfolio” at Fidelity.com to demonstrate to you, in real time, how much money my 11 Laws of Bear Market Success can make you in this bear market.

In a few days, I’ll begin making investments designed to generate generous profits in this great bear market — and when the recovery comes, I’ll go for windfall profits with great stocks selling for pennies on the dollar.

Plus ...

• To help you harness every profit opportunity I find, I’ll give you a 48-HOUR HEADS-UP before I buy or sell anything, and ...
  
  
• To keep it real, I’ll publicly post my actual results — each trading confirmation and monthly brokerage statement Fidelity sends me.

I’ve just updated my full report and posted it online. Just click this link to read it now.

Good luck and God bless!

Martin D. Weiss, Ph.D.

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