Amazon is the best of this bubble, and in some ways the worst!

Yet again, it’ll pay zero taxes to the IRS for 2018!

No taxes on sales of $233 billion and profits of $10.8 billion last year.

Not a dime.

Nada!

This is just wrong.

And it’s one of many things that are wrong with this bubble!

I just had to record a video to talk to you about it.

Amazon got up to a $1 trillion valuation at its peak in 2017. At that time, it was 5.6x sales. That’s crazy. A normal valuation is 1x, maybe 2x for a growth company.

So, we’ve got companies making record profits and enjoying tax cuts. AND they’ve had a QE tailwind for years…

All of which they’ve used to buy back their own stocks.

Yeah! That’s a recipe for trouble.

First though, they’ll present Dark Window profit opportunity this year!

Harry
Follow me on Twitter @harrydentjr

P.S. Opportunities will abound during the Dark Window we’ll enjoy this year. Some of the best could well come from stocks $10 or cheaper. The trick is how to find those tiny, but mighty, gems. Tune in to John Del Vecchio’s webinar next Tuesday, February 26. It’s called The $10 Trader: How to Build a $523,000 Fortune With Some of the Market’s Cheapest Stocks. He has some tricks up his sleeve for you, but to hear them, you must register to watch.

 

 

The Truth Exposed: The Future of the Markets & Your Wealth

During this ground-breaking FREE presentation, controversial economist and bestselling author Harry Dent will deliver the hard truth about our economy that you'll never hear in the mainstream media... Read More>>
Harry Dent
Harry S. Dent Jr. studied economics in college in the ’70s, but found it vague and inconclusive. He became so disillusioned by the state of his chosen profession that he turned his back on it. Instead, he threw himself into the burgeoning new science of finance where identifying and studying demographic, technological, consumer and many, many other trends empowered him to forecast economic changes. Since then, he’s spoken to executives, financial advisors and investors around the world. He’s appeared on “Good Morning America,” PBS, CNBC and CNN/Fox News. He’s been featured in Barron’s, Investor’s Business Daily, Entrepreneur, Fortune, Success, U.S. News and World Report, Business Week, The Wall Street Journal, American Demographics and Omni. He is a regular guest on Fox Business’s “America’s Nightly Scorecard.” In his latest book, Zero Hour: Turn the Greatest Political and Financial Upheaval in Modern History to Your Advantage, Harry Dent reveals why the greatest social, economic, and political upheaval since the American Revolution is on our doorstep. Discover how its combined effects could cause stocks to crash as much as 80% beginning just weeks from now…crippling your wealth now and for the rest of your life. Harry arms you with the tools you need to financially prepare and survive as the world we know is turned upside down! Today, he uses the research he developed from years of hands-on business experience to offer readers a positive, easy-to-understand view of the economic future by heading up Dent Research, in his flagship newsletter, Boom & Bust.