Is There an Echo?
By Teresa van den Barselaar | February 16, 2019 | Hey Economy & Markets Subscriber, A few things in the news jumped out at me this week. The first was that there seemed to be more news about things other than President Trump. Sure, he still made headlines, but it didn't feel like he was being thrust at me from every direction. Don't get me wrong. I have nothing against the President. But, just like those days when Paris Hilton was the only thing the media wanted to talk about (or when Julius Malema was all the media rage in South Africa), it's nice to have a break and maybe think about other things! There were many articles about debt situations turning bad. Like the fact that a record seven million Americans are three months behind on car payments! Or the national debt now sitting at $22 trillion! There was one article on Yahoo Finance about how the Trump tax cuts are still bombing. The reporter wrote: "The Trump tax cuts, passed in 2017, put fresh money into the economy and juiced growth last year. But, if the Trump tax cuts were a consumer product, they'd be Google Glass, New Coke, or the Edsel: the branding flopped, the promise failed to materialize, and overeager promoters failed to understand what the market really wanted." Don't you just love how well the writer put that criticism?! I do! Incidentally, I've heard and read that this tax season is turning out to be pretty bad for many Americans who are getting refunds much lower than they'd anticipated! And there was the story that JPMorgan will be the first major U.S. bank to launch its own cryptocurrency, which it is calling JPM Coin. There were also several stories about high profile people – or people in important positions, like John Lynch of LPL Financial – offering their forecasts of the market for this year. Most indicated that it was going to be a tough year in the markets, while some saw hope, but not much. Lynch said the market might see a mild gain of 10%. All these articles brought Harry to mind. Every time one of them popped into view, I'd think: "Yup, just what Harry's been warning about..." (debt becoming increasingly burdensome). Or, "Harry's been saying this for months..." (Trump tax cuts). Or even, "Nope, Harry thinks a 10% gain isn't remotely close to what the market could have in store for investors this year!" Even the JPM Coin. As Harry wrote to you about on Thursday, there's a good chance that bitcoin could zoom to the moon this year on the coat tails of the stock market. And it makes me wonder if the largest bank in the U.S. launching its own cryptocurrency indicates a more bullish view of the whole industry. Or course, Jamie Dimon makes no secret of his dislike and distrust of bitcoin… but still… Anyway, it certainly has been an interesting news week. Has anything in the news stood out for you? Let me know. You can reach me at economyandmarkets@dentresearch.com. Before I sign off for the weekend, let's look at what we talked about this week… What to Expect if Markets Correct Next Harry Dent This recovery has been the weakest ever in real GDP, capital spending, employment growth, and productivity. But do the markets care? Where Investors Are on the Eisenhower Decision Matrix By Rodney Johnson Eisenhower's decision matrix is a simple diagram of four boxes combining the words "Urgent" and "Not Urgent" with "Important" and "Unimportant." He used this tool to determine how he'd spend his time, which kept him focused on important items that could help him achieve his long-term goals. So, where are investors on this matrix today? These Potential Landmines Signal Something Dark… By Lance Gaitan Border wall, trade negotiations with China, Brexit… there are so many potential landmines everywhere, yet investors seem to be trading on hope. The bounce at the slightest glimmer, but then what? The Unexpected Opportunity Outside of Stocks By Harry Dent I am clear about one thing: if stocks enjoy the Dark Window I see ahead, bitcoin and cryptocurrencies will almost certainly have their own dramatic blow-off rally as well. Here's why. That's all for today. Talk again next Saturday. 
Teresa P.S. We talked a lot about Harry's Dark Window scenario this week. Too few see it opening, so many will miss out on the investment opportunities ahead. Hopefully you've been following the discussion, so you won't be one of those left behind when the markets have one last big hurrah before crashing. My colleague, John Del Vecchio, is preparing for an interesting webinar scheduled for Feb 26th (Tuesday). It's called The $10 Trader: How to Build a $523,000 Fortune with Some of the Market's Cheapest Stocks. And it's possibly the most profitable information you're going to hear and see this month because it sets you up perfectly to take advantage of the Dark Window. We'll be sharing more details with you next week, so please watch out for them. | 
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