No Country Has Ever Experienced a Crash Like This Before

By Michael E. Lewitt, Special Contributor, Money Morning

The Dow Jones is rushing toward 18,000, and the S&P 500 is back in positive territory for the year. For the better part of two weeks, investors have taken bad news for good, bidding up stocks and mentally validating their bet that the Fed won't hike rates in December.

But these stock market gains aren't based on anything remotely healthy. In fact, the fundamentals are so bad they're terrifying. Critical global markets are dying out... high-yield bonds... energy and commodities... credit... All are on "death watch" right now, but you'd never know it thanks to the Fed - and millions of senseless, doomed investors.

In fact, the credit markets, where I've made my living for 25 years and which act as a kind of "canary in the coal mine" for stocks, are some of the worst I've ever seen. It's so bad that I'm looking at the high likelihood of a $300 trillion collapse before it's all said and done.

The crash that's coming won't be like anything we've ever seen before; stocks will fall harder, more investors will lose more money, and more turmoil will spread faster than anyone, especially the government, is prepared for.

And yet... for investors in the know, there will be opportunities to make lots of money as the walls come down. Some of the best, most desirable stocks on the market will go on sale, consolidation and mergers will generate "free money," and certain specific inverse funds and precious metals will become some of the hottest investments around.

That's why I've just updated the Super Crash Report. All my Sure Money readers get it, and it has the same recommendations and strategies I've given my high-net-worth clients to get them through several recessions and the financial crisis to profit.