audreyh1
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Wait! In March of 2011 he said we might go down to 3300 after a summer (2011) rally. Are you sure this isn't just recycled? Fat good it did him last time.Well, this is about the time the predictors and book writers come out of the closet to sell either gloom and doom or happy days are here again. Recently that nut bag Harry Dent has predicted a big downturn in summer of 2013. He is saying we are going to 3000. This is from the same guy that said we were going to 40,000 a few years ago.
Harry Dent 3-31-2011: “Major Crash” Coming for Stocks, Commodities Already Topping Out | Fin - Daily Ticker - US - Yahoo! Finance
Oh - wait - here's his Jan 2012 Market Forecast
from Reality Lenses: Harry S. Dent's January 2012 Market UpdateHarry S. Dent's January 2012 Market Update
By pej at 04:49
Harry S. Dent published his market forecast for the coming year on January the 11th (available on YouTube).
Summary:
Time to get out of stocks NOW.
Austerity is the right policy from his point of view, even if it means short term pain, but can avoid long term insolvency.
Worldwide slowdown coming
4,000,000 foreclosures in the pipeline, which banks have been holding down.
By the time the Fed reacts with Q3, it will be too late.
This looks like the final rally. Where do we top is the final question. 1371 is the top of the range they forecast.
The USD will rally while equities, commodities including gold, and real estate will fall massively.
His recent predictions graded on wikipedia: Harry Dent - Wikipedia, the free encyclopedia
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