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Not Even The Piano Player Is Safe
Porter's Journal Issue #125, Volume #2
Porter Stansberry
October 29, 2025
When Safe Bonds Get Thrown Out With Defaults
This is Porter’s Daily Journal, a free e-letter from Porter & Co. that provides unfiltered insights on markets, the economy, and life to help readers become better investors. It includes weekday editions and two weekend editions… and is free to all subscribers.
Huge returns on safe bonds… Don’t panic when everyone else does… A delectable 224% total return… Global Financial Crisis echoes today… What the piano is playing now… Big Tech earnings time… Trucking deliveries are down… |
Table of Contents
Editor’s note: Porter has turned today’s Journal over to Distressed Investing senior analyst Marty Fridson.
Marty has a long background in trading, investing, and finance… Over a 25-year span with Wall Street firms including Salomon Brothers, Morgan Stanley, and Merrill Lynch, he became known for his innovative work in credit analysis. He is the author of The Little Book Of Picking Top Stocks.
Below, Marty serves up an analysis showing that when the market begins to panic, lots of good assets get tossed overboard along with the bad ones. It creates a rich environment for juicy returns, he says.
Here’s Marty with the full story…