The week’s gone by and markets are still doing just what I predicted: bounding forward sideways until something breaks up or down.

My Money Is on down

Partially because of Bitcoin and partly because of politics. What’s happening in Washington cannot be good for your money right now – between the Trump administration’s dealings with China, the Middle East, and even Ukraine. This impeachment deal is going to be trouble for Trump, and further erode stability, especially in the markets.

Have you noticed also that the inquiry’s running on a 45-Year cycle with the Nixon impeachment? Remember, we saw the market react very rapidly in late 1974. When did Nixon resign? You betcha.

Prepare for Volatility 

Expect the markets to be very volatile over the next month or two. It’s a good time to be selling stocks near the top, because I don’t see things getting much higher. We may make a new top in Nasdaq, but probably not the Dow or S&P. That means we don’t have the same upside we hoped, and we’ll still face the short-term downside we feared if we can’t make new highs in the next week or two.

As we’ve been saying, hold on to your hats.

It’s That 70’s…Cycle?

Harry Dent wraps up this week with an economic forecast showing how history is set to repeat itself in the form of an impeachment. Expect to see one last cresting wave before the market’s downturn, he says. Why down & not up? Two words: Bitcoin and politics. Sign up for Boom & Bust here: https://pro.dentresearch.com/m/1051908

Posted by Economy and Markets on Friday, October 18, 2019

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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.