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On this week's Stansberry Investor Hour, Dan and Corey welcome Porter Stansberry back to\xa0the show. Porter founded Stansberry Research in 1999, and he recently returned as CEO and\xa0chairman of parent company MarketWise (MKTW). With more than 25 years of experience as\xa0a financial analyst and publisher to draw on, Porter shares his opinions on the current state\xa0of the markets and which areas of the economy look most attractive today.But first, Dan and Corey talk about investors' unfounded hopes for falling interest rates and\xa0some Wall Street analysts predicting that the Federal Reserve will soon cut rates by 150\xa0basis points. "I just don't see that happening," Corey says. Afterward, the conversation shifts\xa0to the bond market, the drop in demand for U.S. Treasurys, China "imploding minute by\xa0minute," and the biggest "turkeys" who have made the most absurd financial decisions this\xa0year. Plus, Dan explores investor psychology and how it has been warped by a decade-plus\xa0of low rates and the longest bull market in history. (0:00)

Porter then joins the show and discusses why Ayn Rand's 1957 book Atlas Shrugged continues to be relevant today, General Motors' chances of going bankrupt again, and his "new, old" job as CEO of MarketWise. He explains his strategy for the company going forward. (25:08)

Moving on to the broader economy, Porter shares an updated prediction of what he sees
coming for the market. In mid-September, he was concerned we were on the cusp of another\xa0major financial crisis. But now he thinks the immediate danger may be past. (42:34)\xa0

Porter also shares that most quality businesses out there trade for high valuations, but those
with unrecognized quality still present fantastic buying opportunities today. Even companies
that have recently made negative headlines can still have incredible underlying value.(48:48)

Finally, Porter details what's happening in the bond market right now and why he believes it's worth investing in. And you won't want to miss his parting message, where he explains why it's a great time to be alive despite any global issues or societal problems. "Most\xa0investors make the mistake of not being optimistic enough," he says. (57:35)