I was curious if Harry S. Dent had changed his mind about the
demographic trends in his book, so I went to his web site and read a
couple of free articles that explained he was still very bullish,
especially about tech. He thinks the tech wreck parallels the auto
market's fall in the early 20's, and thinks tech will soar to Nasdaq
14,000 or so in the next few years. I found the demographic data
interesting in his book, but I am not as sure that I follow the
reasoning behind paralleling tech and the auto industry. Anyway, if you
want to read his free articles, see his web site at
http://www.hsdent.com
He used to have free articles explaining that the current bear market is
proof positive of the demographics driven bull market, because the
downtrend is caused by business spending retrenchment rather than a
consumer spending slowdown, but it is gone now. I have noticed that the
P/E multiples have stayed high despite the worst bear market since the
Great Depression, so he may have a point about boomer demographics being
at least part of the driving trend behind the unprecedented P/E
multiples. His free web articles are an interesting follow up to his
book anyway.
Mike
demographic trends in his book, so I went to his web site and read a
couple of free articles that explained he was still very bullish,
especially about tech. He thinks the tech wreck parallels the auto
market's fall in the early 20's, and thinks tech will soar to Nasdaq
14,000 or so in the next few years. I found the demographic data
interesting in his book, but I am not as sure that I follow the
reasoning behind paralleling tech and the auto industry. Anyway, if you
want to read his free articles, see his web site at
http://www.hsdent.com
He used to have free articles explaining that the current bear market is
proof positive of the demographics driven bull market, because the
downtrend is caused by business spending retrenchment rather than a
consumer spending slowdown, but it is gone now. I have noticed that the
P/E multiples have stayed high despite the worst bear market since the
Great Depression, so he may have a point about boomer demographics being
at least part of the driving trend behind the unprecedented P/E
multiples. His free web articles are an interesting follow up to his
book anyway.
Mike