HS Dent Coming Great Depression

[torontobills]

Yes will are going into depression that will never turn around. This time the dollar is doomed plain and simpe. Talk about endless wars in the middle east, or next big war with iran. The world is going to dump the dollar. Yea silver did jump in 80's from $4 to $50 and plunged. You dont talk about the Hunt Brothers and caused the bubble. We are not in bubble. When the crooks leave wall street and Washington maybe thinks will change. But we not see that in our lives. I am sticking to gold

[TheSnoopy1750]

In May of 2007, a few months before the peak, Harry Dent forecasts Dow 20,000 by the year 2009.

At the bottom of March 2009 he was bearish and stayed bearish for the next year.

Yeah, a real genius. I guess if you make a bunch of predictions, you can always point to a couple that were right.

[Dreama40]

Gold and silver are not in a bubble they are merely reflecting the devaluation of the us dollar, the "bubble" for precious metals is building but you will see huge price increases before its time to sell ie gold at over $5000.oo and silver at over $600/ounce

[Graham6762]

HOW DARE THEY RETIRE

[bkvol]

The show was done 2 years ago. Give the guy some credit for predicting, while all the nay sayers here are looking to the past. hind sight is 20/20. Let's find some current talks by Dent. He's good at what he does. But come on, no one said he was a prophet!!

[marshman1953]

@bkvol If you subscribe to his newsletter look back and check out his recommendation just prior to the dot com bubble .... 45% technology. Thanks Harry!

[mjs1231]

He was right but wrong about the recovery, its going to get much much worse. Start preparing now. The dollar is going to crash and a hyperinflationary depression is comming.

[debtcrisischannel]

This guy is full of crap, if you had listened to him before the crash he was saying the dow would be at 40,0000. Then after the crash in 2008 you would have got out of stocks at dow 9000 and missed another 3000 points of upside. If you had listened to his calls on gold you would have got shafted there too. This guy is a con who makes money scaring folks then saying by my book or sign up to my site and i will tell you how to survive what I am saying will happen

[kn9ioutom]

FOR LAST DECADE GOLD IS A PROVEN WINNER !

[ScrewSocialism]

Dent knows very little about economics. The DOW wont go down as long as the Federal Reserve is creating money and blowing it on bailouts and war. Why would anyone save their money when it goes down in value everyday. Commodities are one of the few ways to protect oneself from a collapsing dollar. Listen to Ron Paul or Peter Schiff...they actually KNOW what they are talking about.

[Ellipsis10]

Hey Harry, whatever happen to DOW 3500 by December 2010??

[HollywoodSheen]

the retard at the end who said he doesn't believe Harry is gonna get creamed in the market and look like a fool, just like ben stein did when he went against peter schiff

[HollywoodSheen]

dent is awesome, this man speaks the truth

[MACKATTACK1970]

This man was awarded The "Ultimate Charlatan" award.

This man predicted that by 2010 the Dow would hit 40,000.

THIS MAN IS A MORON, Don't take my word for it, look him up and see how this man has been wrong so many times and on such scale that to listen to this moron is to take risk losing all that you have.

[LouisPaquette]

Hmmm - short term he has been off, the Dow was around 8,000 when this was taken - today well over 10,000. But the demographic crash won't be avoided and will arrive by 2013 and last to 2025.

[novhyce]

@LouisPaquette He's mediocre. He was bearish at the bottom and was bullish at the top in 2000

[megawavez]

Hmm... baby boomers spending? What about a gigantic credit bubble ?

[Ellipsis10]

Don't believe everything this guy says. I read his book last January. he predicted that there would be a commodity bubble in late 2009 (oil at $140 a barrel) and then the market would crash. Then he Revised his book and said that the crash would happen between Dec-09 and Feb 10. Now i'm watching this video and he is saying that the market will crash late 2010. You know if i wrote a book or posted a blog update every 6 months predicting that the market will crash sooner or later i'll be right.

[bestgtor22]

Dent is right about the trends just look at Japan. We are in for bad times starting the end of 2010 due to demographics and housing will tank at least another 20%. Soup kitchens, bread lines and massive unemployment is the future.

[destiny6666]

if he gets it right, his whole marketing campaign to sell to subxribers will scream it from the roof tops ... if he gets it wrong, it will be time for the next prediciton ... have to give him credit, he is making a fortune from books & subscriptions, no need to trade ...

hehehehe ...

Harry S. Dent: The Dow would reach 41,000 in 2009

gee, not mention of this on his website!!

[VeteransAgainstKonop]

Is that really true ?

Did Harry Dent really say (predict) that the DOW would go to 41,000 ?

Geeeeez, he was way....way off. By like....a lot.

How come we don't see more of his videos and tv interviews on YouTube anymore ?

What's Harry S. Dent been up to the past several months ?

[destiny6666]

sure is true!! some years back I received the 40000 Dow newsletter ....In his 2006 work, Dent predicted, The Dow hitting 40,000 by the end of the decade, the NASDAQ['s] advancing at least ten times from its October 2001 lows to around 13,500, and potentially as high as 20,000 by 2009 ... . Of course, those who read The Roaring 2000s, Dent's 1999 masterpiece, should soon be buying each of us a turkey with all the fixin's.

:)

[dempsey981]

@destiny6666 REPEAT AFTER ME![no ones got a crystal ball,no ones got a crystal ball,no ones......

[jfbachert]

If most of you communists don't understand economics you should shut your pie holes. But it is still a free country but not for long after Obama destroys the American dream. What is coming in economics will surprise the doubters and destroy their dreams of the Obama government. Change and Hope remember, but how I see it is hope for change for stupid...

[juddsk]

Well, he's right so far on the rebound into early 2010 so far

props for that

[ridgy1200]

yes he was right, just 20 years out!

he made these comments at dow 8000, now 10,500.If you followed this dumbass you are down 31%.Yeah harry you are a moron.

[akaee]

damn, she's hot

[Buecherwurm74]

Harry S. Dent: The Dow would reach 41,000 in 2009,

(The Roaring 2000´s Investor/The Next Great Bubble Boom)

Incredible.

[Trialpha1000]

The market is turning out so far just as he predicted.I think we could see the dow go a little higher than 11000 pts.But somewhere between May and November of 2010 the Dow starts going back down.And I see nothing yet in the market that says I'm wrong.

[youthinksoo]

Harry is right and Megyn is hot!

[manojsugathan]

The only cycle that works is a bicycle especially if you are pedaling it!

[eamon1w]

despite the baby boomers being a significant structural component of domestic spending, it is erroneous to suggest that their actions will determine the fate of the consumer market. As for his "save money" hypothesis, consumers will infact need to spend and invest more to maintain aggregate demand so that production can progress.

they say that economists are like cross-eyed javelin throwers: they aren't very accurate but they keep the crowds attention...

[braveheart85]

he was dead right, look when this was posted holy shit man

[Stargazer5781]

Good that he was one of the few who saw this coming :-) I disagree with him though, we're not heading into a repeat of the Great Depression. In the 30s we were a producing economy, not a consumer economy, and we were on the gold standard. He's expecting deflation, but when the world stops propping up the dollar we're going to get massive INflation. Gold and silver are still great, but keeping your dollars in the mattress will be terrible.

[MrAlanKendall]

@Stargazer5781

I agree with you, I saw one clip of Peter Schiff (only one) where he admits that Real Estate will go up in price but he says that it will not go up as fast as gold. 2011 through 2016 we should take advantage of 1) 70 low interest rates 2) Crashed Real Estate prices and 3) tax writes offs and 4) massive future leverage after the foreclosures are sold off in 2015.

[1966model]

Harry ,i am not a baby boomer ,but in my mid to early 40s ,so what the g o ,do i not save for a house or do i buy what i want as in a new motrocycl ?

[CIApunisher916]

Hey Harry what happened to the Roaring 2000s?!?!?!

[high5flyer]

The DJIA did go to 14000 & people did make a huge amount of $ during the artificial boom. If u read his books The Roaring 2000s & The Next Great Bubble Boom you would have picked up that he believed the markets are going do well despite some peoples opinion that after 2000-01 the best is behind us. Also u would have picked up in The Next Great Bubble Boom of his belief that we are on the edge of another depression in the later part of the 2000s. His new book is just an expansion of that idea.

[herbs814]

2003-2006 were great years that created millions of jobs and boosted values of stocks, commodities, and real estate. What killed the Roaring 2000s was Democrats persecuting successful oil companies and promising tax increases (not renewing the successful Bush tax cuts). Dent can hardly be blamed for the Democrats' stupid ideas.

[manojsugathan]

And Dow 40,000!

[cosmosgato]

But if the baby boomers are leaving wouldn't that help lower the currently high unemployment? It frees jobs.

[challanger45]

I hope this man is wrong but with his 100% prediction accuracy I wonder.if this happens under Obamas watch you'll never see another democrate in office for decades to come.

[xaviqaz]

Bush senior was blamed for early 90s crisis and S&L mess and Clinton took all credit for later unbelievable boom, as Jimmy Carter payed for a crisis previous to his presidency. Things work like that. Even though HS Dent says that it is a natural demographic and market process, so politicians have much less influence than we tend to think.

[challanger45]

Another thing I see that is very troubling.The main stream media that's in the tank for Obama is as I saw on the CBS news last night with Miss Couric trying to spin Obama's stimulus package is helping the economy.But hold on a minute lets take a look at the parts that all but Fox News is ignoring.

[challanger45]

The rest is the GDP.Unless that goes up the rest means nothing.

[30percentplusreturns]

Dent is awsome. im 28 and selling my condo this month for 15k more than i bought it for. Im out. Then ill buy a house in 2011 or 2012. Fortunes were made coming out of the great depression in the 30's for the few select smart people and I will be one of them.

[greatkiller]

Calm down mr smart guy..........

[x7isrich]

smart. It's good to hear from someone else who sees the opportunity here. Most people only see the losses, but there is HUGE opportunity right now if you're smart :)

[dempsey981]

@30percentplusreturns wow yer probably a bonafide fuckin GENIUS!!!!!!

[destiny6666]

@dempsey981 - repeat after me, you're pathetic, you're pathetic, you're pathetic!!!

[dempsey981]

@destiny6666 yea well repeat this STFU!

[CrazeeCarl]

The whole worlds economy is going in the toilet...There's absolutely nothing you can do!!!...Hang on for the ride!

[moniequa]

Oh you're just saying that to make me happy.

[LiptonGuy]

Follow Harry Dent's advice.

I made over $438,000 in the last 28 months, just following his advice on how to play the market.

[dempsey981]

@LiptonGuy LIAR.