Economist predicts the Dow to fall to 6000!!!

O.iatlhawksfan

Devoted Joel Embiid hater
Joined
May 1, 2012
Messages
38,447
Reputation
885
Daps
64,726
Reppin
New Orleans
The man who called nearly every major economic trend over the past 30 years…including the 1991 recession, Japan’s lost decade, the 2001 tech crash, the bull market and housing boom of the last decade and, most recently, the credit and housing bubble has issued a startling new prediction.

“The DOW is going to crash to a degree we haven’t seen since the Great Depression” say world-renowned economist Harry Dent.

In fact, Dent says, “We’ll see a historic drop to 6,000… and when the dust settles – it’ll plummet to 3,300. Along the way, we’ll see another real estate collapse. Gold will sink to $750 an ounce and unemployment will skyrocket… It’s going to get ugly.”

In an exclusive video presentation Dent details the “perfect storm” of economic and demographic realities brewing that will likely make the next few years some of the most trying times in U.S. economic history.

“This is not fun and games. This is not fear-mongering. This is today’s economic reality” he plainly states in this in-depth expose of what’s to come.

He goes on to paint a detailed picture of the financial carnage this crash could inflict on America:

“Unemployment will soar to 15% or higher as the work pool continues to shrink and companies lean towards employing people with experience, something students entering the labor force obviously lack.

Editor’s Note: Evidence of Looming Economic Crisis Ahead – Shocking Video

Housing prices will fall again, by as much as 40%… the so-called “recovery” of 2013/14 will diminish faster than an ice on a hot summer day as mortgage rates rise and the wrong group of investors – a.k.a. speculators – lose their taste for the market.

Faced with huge revenue shortages, the federal deficit will balloon from $1.3 trillion to as much as $3 trillion.

Despite the lessons learned in 2008, mortgage companies and financial institutions have resumed offering low interest, no principle “teaser” loans and increasingly risky investments, which will lead us straight back into a second financial crisis, with no bailout possible this time.”

But Dent, a Harvard alum and best-selling author who’s appeared on Fox News, CNBC and The Alex Jones Show among countless others, adds that there’s actually a massive upside to this impending crisis.

He says those who position themselves accordingly beforehand could have the opportunity to earn millions through specific “decline-related” investments year after year, over the next decade as well as maximize the next long-term “boom cycle,” which he predicts will begin between early 2020 and late 2022.

The controversial video, initially released to a private audience, has gone viral as hundreds of thousands are seeing new evidence for a looming economic crisis, and are heeding Harry Dent’s advice to survive and prosper.
[/quote]

http://research.economyandmarkets.com/X195R508/

Perfect timing as I'm goin to be one of those students entering the job markets :to:
 

Scientific Playa

Superstar
Supporter
Joined
Oct 13, 2013
Messages
13,930
Reputation
3,310
Daps
24,908
Reppin
Championships
Kondratiev wave

http://en.wikipedia.org/wiki/Kondratiev_wave


If Economic Cycle Theorists Are Correct, 2015 To 2020 Will Be Pure Hell For The United States

http://michaelsnyder.mensnewsdaily....2020-will-be-pure-hell-for-the-united-states/

Economic-Cycle-300x200.png
 
Joined
Jun 16, 2014
Messages
88
Reputation
40
Daps
221
Reppin
The Sonics
ehm

In 2000, based on his forecast that economic growth would continue throughout the 2000s, Dent predicted that the DOW would reach 40,000, a prediction which was repeated in his 2004 book. In his book, he also predicted the NASDAQ would reach 13,000 - 20,000. In late 2006 he revised his forecasts to much lower levels, estimating the Dow would reach 16,000 - 18,000 and the NASDAQ 3,000 - 4,000. In January 2006, he predicted that the DOW would reach 14,000 - 15,000 by the end of the year. It ended 2006 at 12,463, 11% below the lower end of his prediction. It ended 2007 at 13,264, again significantly lower than Dent's revised prediction of 15,000 by early 2008. Since then, the Dow crossed 14,000 in late 2007 before retreating.

His 2011 book goes on to suggest consumer spending will begin to plummet in 2012 with the Dow bottoming out somewhere between 3,000 and 5,600 in 2014. After hitting bottom, stocks will experience a mini-rally in 2015-2017 before falling into a final bottom during the 2019-2023 period, when the 45-50 age group troughs because the U.S. birth rate reached its own low in 1973.[3]

In 2012 the "Dent Tactical Advantage ETF," symbol DENT, was de-listed having consistently under-performed the market for three years while at the same time charging an egregiously high 1.65% management fee.[4]

In 2012 he began writing weekly articles for the free investment newsletter Survive & prosper, now known as: Economy & Markets, which offers investment advice guided by his belief that a major economic crash is inevitable and that it will drop the DOW all the way to 3,300. As of early 2013, he has amended his predictions slightly to an expectation that the financial crash will begin between the end of 2013 and the first half of 2014.

In 2013 Dent predicted the market will crash again in the Summer of 2013 and will take a further year and a half to recover
Yeah, that totally sounds like someone we should be listening too.
I mean, just because he was wrong about everything the past 15 years, it doesn't mean this time he wouldn't be right!
I mean, he was right about this one thing in the 90s once.

Don't get me wrong, I think the stock market is over-valued, but he sounds like a quack trying to make money out of fools.
 

crazydee7

Pro
Joined
Jan 25, 2015
Messages
236
Reputation
-220
Daps
682
The roof, the roof
The roof is on fire
We dont need no water
Let the muthafukker burn
Burn muthafukker, burn!!!
 
Top