The Money Gains Podcast The Stock Market Will Crash: Former Credit Suisse Head Reveals Why
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Oct 15, 2025 Rich, a finance veteran with over twenty years of experience from Credit Suisse, delves into warning signs of a possible market crash. He discusses the implications of record-highs across assets and the danger of market concentration in the S&P 500. Rich emphasizes the importance of a cash position as a strategic choice, reviews the rise of safe-haven investments like gold and Bitcoin, and shares his insights on recognizing volatile market moments. He advises beginners on evaluating overvaluations and highlights opportunities in overlooked markets like Japan and India.
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Day One On A Trading Floor Before 9/11
- Rich describes entering Credit Suisse the day before 9/11 and witnessing markets react on the trading floor.
- He credits crisis experience at Lehman-era firms for fast tracking his market education.
Market-Wide Speculative Peak
- Multiple major asset classes hitting all-time highs together is an unusually broad speculative peak.
- Rich calls this an "orgy of speculation" and warns it signals elevated risk across markets.
Higher Rates Bring Real Alternatives
- Rising interest rates create genuine alternatives to US equities by offering attractive cash and bond yields.
- Rich argues the S&P 500 trading at ~24x earnings is no longer the only obvious place to allocate capital.