Gez it took 2 weeks for the market to inch below the S&P 1040 and 3 days to shoot right back to 1080. I am hearing more good than bad these day so I am more confused than ever. China looks good ( soft landing looks true) , EU we will see, Bush tax breaks might be back ( very positive), it is earning season so... And all of this is not taking housing in to consideration or hyperinflation. Great way to get old way to fast, all for a buck. Haha
@MrYatesj1 I have been in real estate for 10 years. We usually generate 200 leads per month off our listings. This month 45 total. Option ARM's have not started to reset yet. It starts now. The banks are holding huge ghost inventory. Prepare for yourself and your family. Hard times ahead.
@NOSYRB10656 Thanks for your input sir. I had a different understanding but of course you are knee deep in the truth. So you are saying these ARM's were not refied during the last year as the gov was throwing money at people who got themselves into these problems? I am surprised and somewhat happy as I still don't own a home. Sounds like it will be my turn within a year or two.
Housing is CORE. The housing crash is just getting started. When some guy thinks his home is worth $500,000 and one day some realtor tells him it's worth $250,000, then you will see panic sellers big time and a depression state of mind.
Harry do you think this is the drop you were talking about now? all signs are down and it looks like you are going to be right. Thanks for the continual updates.
considering what he does is a 50/50 each way bet, he's made a fortune on this type of speculation ... and when the market falls, ages after his "prediction" he will claim it ... as for the believers, Google this guy re: Dow hitting 40,000 in 2006 ... it's hilarious !!!
After breaking the S & P 1040 level and elections 120 days away, I speculate we will see a short term bottom barring nation/international catastrophe within this 3 month span. 8200 would be "the absolute" low and it could be as high as 8700 or even 9200. Buying opportunities are right around the corner. Stay nimble!
I stopped subscribing to Mr. Dent's newsletter because he was so far off on his stock market predictions. The Dow to 40,000+ and the Nasdaq to 17,000. These indexes never got close to those levels. before the market crashed most recently he was looking for Dow lows near where they hit. But this was revised lower to 4,800. The Dow soon turned and made its historic run. I think he will be right on a slow economy for several years but he shouldn't predict markets.
Well it looks like I am talking to myself here, to bad. Existing home sales for May down 2.2%, EU seemingly stabilizing, China looking strong in many ways. I hear 20% chance of double dip recession. The US stock market seems in a narrow range of 9800 to 10,500 or so. As we all know perception is reality, a confident market moves up. It really seems like a crap shoot either way. I still think dipping the toe into the market under 10K is a winner. Wonder what Dent is thinking now?
I see that housing starts are down 10%, not totally relevant as we have such a surplus but it could be an indicator of things to come after the $8000 bonus is now off the table. Unemployment near 10%, housing flat or worse, the Eu not not helping, home prices were up that month, China in a soft landing and there are signs of a Stronger America. Tough call as there is some good some bad. Summer is generally lazy in the market with a Fall pop so under 10K should still be a buy sign. Good Luck!
I have to congratulate you HS Dent. You are truly the Jimmy Swaggert of the Financial World. How you get these fools to follow your "advice" and the corporate dummies to pony up their marketing budget money for your drivel is beyond me. As you stammer and sweat through these videos you look as guilty as you as must feel for bilking them all.
Just a guess but I would say Harry uses different indicators in his book vs the monthly newsletter because once the book is printed there is no way to respond to changing forces in the world economy, i.e. China tapping the breaks in a slow down to a soft landing vs full force inflation.
Long term Harry sticks by his guns that baby boomers will slow this economy in the next 10 years but short term you need to continue to move with the ever changing economic seas.
IN THE MID 90'S,HARRY SAID IN ONE OF HIS BOOKS THAT THE DOW WOULD GO TO 40,000.THAT IS NOT A TYPO,I REPEAT 40,000.
HE CONSTANTLY READJUSTS HIS TIME FRAMES AND PRICE LEVELS.
HARRY IS A SMART GUY BUT MAKE NO MISTAKE,HARRY IS IN THE BUSINESS OF SELLING OPINIONS,BOOKS,NEWSLETTERS,ETC ETC.
IN THAT BUSINESS ITS ALL ABOUT GRABBING PEOPLES ATTENTION,AND THE WAY TO DO THAT IS TO MAKE VERY DRAMATIC CALLS AND USE VERY DRAMATIC TITLES ON BOOK COVERS.
Harry Dent is giving an opinion. That's all. If you think anyone has a crystal ball, and further you expect someone to be right on time, your wrong. Get real. Harry is a great long term forecaster, and probably is overstretching his ability to TIME the change. But medium term he's a master.
@vampelectric your wrong, Harry is an excellent salesman. Remember the scene from Glengarry Glenn Ross...A B C, ALWAYS BE CLOSING, that's what Harry does, he gets attention and then CLOSES with his books, cds, newsletters....so if he's wrong it's ok for his customers to voice their opinions
@Ellipsis10 not sure about that. I know harry wants to sell books and profit, its not debatable. But if you READ his book, all 300 pages of it, you wouldn't be writing about his stock forecasting. He writes about demographics, and has been for 20 years quite sucessfully.
@vampelectric which book are you reading?? In the revised version of the Great Depression Ahead there are Stocks graphs projecting short - medium - and long term scenarios. Stop making excuses for this guy
For the US markets, we agree that they could go up the coming months, but it is not certain. For the continental European markets, however, our trend analysis indicates that they are more likely to go down now already the coming 3 to 6 months. Same for Japan. Could it be that we will see the coming months a major disconnect for the direction of the US market versus the direction of the European and Japanese market?
Harry, Please just simply reply to the repeating comments on this blog: why did you say in your March video that you wouldn't want to be in the markets in May no matter what your indicators say? Why do you use different indicators in your book vs your newsletter? (that excuse just lowers you down to infomercial level) Why have any long term indicators if you don't stand by them when the going gets tough?
In the March update Harry said he "... would almost not want to be in the Markets after May no matter what the technicals say." Right now the technical indicators that he follows show a very strong divergence in underlying buy/sell activity among issues and the fall in the indices. Which means he believes there is a very strong opportunity for another run at 11,300 or so. As an aggressive investor, he is waiting for the markets to make another run at that level.
@hsdentfinancial If there is a very strong indication that the markets will run to 11,000+, why not advise in investing in a short term play??
Why use different indicators in his book vs newsletter? (yes I know his book discusses demographics and his newsletter emphasizes technicals, but that is why there is so much confusion in these blogs -- we are constantly asking for clarification on short, medium and long term recommendations!)
@hsdentfinancial If there is a very strong indication that the markets will run to 11,000+, why not advise in investing in a short term play??
Why use different indicators in his book vs newsletter? (yes I know his book discusses demographics and his newsletter emphasizes technicals, but that is why there is so much confusion in these blogs -- we are constantly asking for clarification on short, medium and long term recommendations!)
Looks like Harry is a little off concerning home prices, as the mean price of an American home actually increased, although not by much. The real question is do we consider sending borrowed money an advancement in the economy? The whole question is becoming more boring than anything else because reality is perception so the market will move anyway it wants not in the way that logic suggests.
It seems obvious that Harry did not trust China to ease inflation as they are. Instead up pumping up the ball until it blows up in your face China is going to release the pressure slowly. They have saved us from further pain and if we retest 7700 I would be surprised. I think today (opening under 10000) is the best enter point we will see through the summer. After that all bets are off.
He has been dead wrong!!! and now he says that this correction is not what he was talking about, and the markt will go to 11,300-11,800...and he gives it until aug...! I bought that book and it had many incorrect predictions and his charting model his flawed in my view.
Harry Harry....No no no. You said back in 2009 that there would be rebound. But said oil would be a winner. It turns out almost every stock has outperformed oil. Then you have been postponing and postponing. Stick to your date, or don't say anything...you are costing people too much money.
No one can take this letter selling marketing gimmicks of any value. Charles Ortel have been saying the Dow would be 6000 before 11000 for two years and GE would be $2. He must feel stupid the way things are. Mr Dent is singing similar dramatic songs as if he has a crystal ball and can see the future. We hear different commentators daily on CMBC and Bloomberg with all sorts of ideas. If Mr Dent can see the future the way he claims then he would not need to sell letters . NGM
if you think a major correction is coming in the next couple months, and you're trying to make money consistently, what is your reasoning for not getting out now and missing the last 10% or so of the peak? Especially if you think the crash will happen quickly...
It almost looks like Harry is missing the boat on the start of his own call as we are starting to see some deterioration in the market. Maybe his March call of April-May was more on the money than his May call of July-Aug.
How far this thing really drops when the whip comes down is the most important thing when planning a re-entry point on longer term holdings.
like the newsletter and perspective, that they keep up with the trend and adjust. But as well, their timing has been off several times...e.g, expected crash last Nov (and right several times..;Jan March May 2010). a prior newsletter indicated they didn't want to be in the market in any case post May, so this is a change. I wonder how much risk they are taking by getting in or staying in this "last" swing? with events like last week, you can get caught.
hey harry!!! ill give you a tip! august 7 2010 is the topping DATE!!! call me crazy or not..... because every1 knows your crazy:) you are right though, the crash is coming this year, august 7th into october, if it hasnt done enough damage, we could see this bottom in may 7th of 2011. then a rebound stimulus recovery then on. you can draw your cards, but you cant change the game!! peace out!
Just would like to point out how China was first to drop from the Oct 2008 rally in Aug 2009 (-27% Peak2Date), then Europe from its Mar 2009 rally into Oct 2009 (-34% PTD), and I now believe US markets will double top in June for a very remarkable decline, which will surprisingly be faster than every one thinks because the machines won't be able to control the "orderly" decline supplicated by US regulators. When does Wall Street 2 come out? GL!
very interesting video, the one data point I wish he would have spoken more about was the idea that "smart money" is only starting to sell into the rally. Investors Intelligence has the Buy Climax information which recently hit an all time high if I'm not mistaken and this indicates strong hands selling to weak hands or distribution.
Dow 3,800 yowsa! This is somewhat similar to the forecast of Robert Prechter.
Money printing can cut in and assuage the plunge Harry predicts. So if money printing happens quickly the lows may be quick and moderate. Or it could be a slow knee-jerk that starts well after a big fall.
Harry cops a fair of flack from some people saying he's too bearish. Facts are facts though - world debt is at crippling levels and somehow world markets are ignoring this reality. A change in trend is inevitable when markets finally wake up to reality... lets just all hope it doesn't get quite as bad as he says it possibly could
Remember Mr. Dent predicted Dow 40,000, and then Dow 32,000, and then Dow 25,000, and then Dow 15,000, and then great depression. So watch this for entertainment and have a good laugh.
I think that anyone who thinks the USA with huge budget and trade deficits is not in big trouble is living on another planet. Problems in Europe with exception of Germany are just as bad if not worse. China's growth can also not continue. He also has a good track record over 20 years but getting the timing to within 6 months to year is difficult with so many imponderables. It is a question of just how greedy we all are which is why the smart money is converting to cash.
Dent is most likely right...but beyond that, why pay him any attention? I mean, is he suggesting selling out all positions in every segment (U.S., Europe, and emerging mkts!) and every type of mutual fund (FTSE, gold-mining, tech, etc.)? So we simply wait out the next 10 years while inflation destroys the value of our (non-) interest-bearing money-mart funds? As they used to say, "Thanks for nothin'".
He makes excellent points. If you know anything about economics and understand simple laws of supply/demand, then it is not difficult to extract some pearls of wisdom.
If you think Harry or anyone can exactly predict any market, you're in a dream world. This is a macro analysis; for the micro go to IBD. They both work pretty well together. The big one here: "Real estate is not coming back." WOW
Smart money? Sadly, some 70% plus of trading/manipulation comes from the algos from the big 6 parasite banks. They turned off the buy programs on thursday and market tanked..because there are no real buyers. None! It's all algos .. six banks using tax payer money trading with each other. Smart money is out and owns gold and silver.
Remember, Harry has been saying that gold will drop because he believes in a deflationary depression. It hasn't dropped because hyperinflation is the future. Why he believes gold will drop even in deflation doesn't make sense. He also doesn't believe in peak oil so he defintely has problems with his future outlook. But his belief that debt and "Baby Boomers" bringing the market down is right on but that is basic economics - at least the economics that Austrian economists understand.
HAHAHAHA whatever happen to "IN MAY I DON'T WANT TO BE IN THE MARKET NO MATTER WHAT OUR INDICATORS SAY" you're so full of shit!! and why would you use different studies in your Newsletter then from your books?? I spent $24.00 on your book predicting that the crash would start in Sept 09! I spent another $24.99 on your revised book saying it would crash in Jan 10! now all your promoting is your Newsletter. We all know that the worse is ahead of us. HONESTLY HARRY, DO YOU EAT YOUR OWN COOKING???
@Ellipsis10 It did crash. The market is not even at breakeven yet from it's high. If you would have gotten in last May you'd be sitting pretty. But, if you were in in '05 you're probably feel like you're standing in the rain without getting wet. The markets not only crashed, but, the S & P and Dow respectively don't tell the true story. Remember the Dow only has 30 stocks is it. How many of those does the average investor actually own? Exactly.
@JAGWAH66 Listen guy, Harry is publishing REVERSE-HEAD&SHOULDERS (wtf?) charts in his books, CD and Newsletter showing the Dow being down between 3000-5000 point and he keeps saying it's gonna happen this month, no wait later this month, no wait late next month....for the past 2 years. That's what I'm calling him out on.
@JAGWAH66 Listen guy, Harry is publishing REVERSE-HEAD&SHOULDERS (wtf?) charts in his books, CD and Newsletter showing the Dow being down between 3000-5000 point and he keeps saying it's gonna happen this month, no wait later this month, no wait late next month....for the past 2 years. That's what I'm calling him out on.
@Ellipsis10 Its true. In one of his vids he says the top will be in April, the latest May, and now he is saying June, July, or August, lolol. The bottom line is that this stuff can't be timed perfectly. Just buy gold.
@JAGWAH66 Listen, Harry is publishing REVERSE-HEAD&SHOULDERS, wtf? charts in his books, CD and Newsletter showing the Dow being down between 3000-5000 points and he keeps saying it's gonna happen this month, no wait later this month, no wait late next month....for the past 2 years. That's what I'm calling him out on.
@Ellipsis10 Yeah, gotta agree with you on that. You will at least hit 1 out of 100 if you keep trying...wahahhaaha. The funny part is that he has got the CHEEK to call others 'dumb money"!
So it seems about time for Dent to put another video out.
MrYatesj1 1 year ago
Gez it took 2 weeks for the market to inch below the S&P 1040 and 3 days to shoot right back to 1080. I am hearing more good than bad these day so I am more confused than ever. China looks good ( soft landing looks true) , EU we will see, Bush tax breaks might be back ( very positive), it is earning season so... And all of this is not taking housing in to consideration or hyperinflation. Great way to get old way to fast, all for a buck. Haha
MrYatesj1 1 year ago
Comment removed
MrYatesj1 1 year ago
Not sure the housing crash is just getting started I kind feel the worst is behind us. Where are you getting your data?
MrYatesj1 1 year ago
@MrYatesj1 I have been in real estate for 10 years. We usually generate 200 leads per month off our listings. This month 45 total. Option ARM's have not started to reset yet. It starts now. The banks are holding huge ghost inventory. Prepare for yourself and your family. Hard times ahead.
NOSYRB10656 1 year ago
@NOSYRB10656 Thanks for your input sir. I had a different understanding but of course you are knee deep in the truth. So you are saying these ARM's were not refied during the last year as the gov was throwing money at people who got themselves into these problems? I am surprised and somewhat happy as I still don't own a home. Sounds like it will be my turn within a year or two.
MrYatesj1 1 year ago
Housing is CORE. The housing crash is just getting started. When some guy thinks his home is worth $500,000 and one day some realtor tells him it's worth $250,000, then you will see panic sellers big time and a depression state of mind.
aspenmogul 1 year ago
Harry do you think this is the drop you were talking about now? all signs are down and it looks like you are going to be right. Thanks for the continual updates.
boottom 1 year ago
and when I say made a fortune, I dont mean from trading, from books and newsletters etc etc ...
destiny6666 1 year ago
considering what he does is a 50/50 each way bet, he's made a fortune on this type of speculation ... and when the market falls, ages after his "prediction" he will claim it ... as for the believers, Google this guy re: Dow hitting 40,000 in 2006 ... it's hilarious !!!
destiny6666 1 year ago
After breaking the S & P 1040 level and elections 120 days away, I speculate we will see a short term bottom barring nation/international catastrophe within this 3 month span. 8200 would be "the absolute" low and it could be as high as 8700 or even 9200. Buying opportunities are right around the corner. Stay nimble!
MrYatesj1 1 year ago
I stopped subscribing to Mr. Dent's newsletter because he was so far off on his stock market predictions. The Dow to 40,000+ and the Nasdaq to 17,000. These indexes never got close to those levels. before the market crashed most recently he was looking for Dow lows near where they hit. But this was revised lower to 4,800. The Dow soon turned and made its historic run. I think he will be right on a slow economy for several years but he shouldn't predict markets.
femorous 1 year ago
@femorous Name any economist who has been "right on."
rickkluga 1 year ago
@rickkluga Peter Schiff
NOSYRB10656 1 year ago
Well it looks like I am talking to myself here, to bad. Existing home sales for May down 2.2%, EU seemingly stabilizing, China looking strong in many ways. I hear 20% chance of double dip recession. The US stock market seems in a narrow range of 9800 to 10,500 or so. As we all know perception is reality, a confident market moves up. It really seems like a crap shoot either way. I still think dipping the toe into the market under 10K is a winner. Wonder what Dent is thinking now?
MrYatesj1 1 year ago
I see that housing starts are down 10%, not totally relevant as we have such a surplus but it could be an indicator of things to come after the $8000 bonus is now off the table. Unemployment near 10%, housing flat or worse, the Eu not not helping, home prices were up that month, China in a soft landing and there are signs of a Stronger America. Tough call as there is some good some bad. Summer is generally lazy in the market with a Fall pop so under 10K should still be a buy sign. Good Luck!
MrYatesj1 1 year ago 2
I have to congratulate you HS Dent. You are truly the Jimmy Swaggert of the Financial World. How you get these fools to follow your "advice" and the corporate dummies to pony up their marketing budget money for your drivel is beyond me. As you stammer and sweat through these videos you look as guilty as you as must feel for bilking them all.
retroballer1971 1 year ago
I can definitely see this scenario playing out.
danteamele 1 year ago
Just a guess but I would say Harry uses different indicators in his book vs the monthly newsletter because once the book is printed there is no way to respond to changing forces in the world economy, i.e. China tapping the breaks in a slow down to a soft landing vs full force inflation.
Long term Harry sticks by his guns that baby boomers will slow this economy in the next 10 years but short term you need to continue to move with the ever changing economic seas.
Long vs short term forecasting.
MrYatesj1 1 year ago 2
IN THE MID 90'S,HARRY SAID IN ONE OF HIS BOOKS THAT THE DOW WOULD GO TO 40,000.THAT IS NOT A TYPO,I REPEAT 40,000.
HE CONSTANTLY READJUSTS HIS TIME FRAMES AND PRICE LEVELS.
HARRY IS A SMART GUY BUT MAKE NO MISTAKE,HARRY IS IN THE BUSINESS OF SELLING OPINIONS,BOOKS,NEWSLETTERS,ETC ETC.
IN THAT BUSINESS ITS ALL ABOUT GRABBING PEOPLES ATTENTION,AND THE WAY TO DO THAT IS TO MAKE VERY DRAMATIC CALLS AND USE VERY DRAMATIC TITLES ON BOOK COVERS.
mjvideos12 1 year ago
Comment removed
mjvideos12 1 year ago
Harry Dent is giving an opinion. That's all. If you think anyone has a crystal ball, and further you expect someone to be right on time, your wrong. Get real. Harry is a great long term forecaster, and probably is overstretching his ability to TIME the change. But medium term he's a master.
vampelectric 1 year ago
@vampelectric your wrong, Harry is an excellent salesman. Remember the scene from Glengarry Glenn Ross...A B C, ALWAYS BE CLOSING, that's what Harry does, he gets attention and then CLOSES with his books, cds, newsletters....so if he's wrong it's ok for his customers to voice their opinions
Ellipsis10 1 year ago 2
@Ellipsis10 not sure about that. I know harry wants to sell books and profit, its not debatable. But if you READ his book, all 300 pages of it, you wouldn't be writing about his stock forecasting. He writes about demographics, and has been for 20 years quite sucessfully.
vampelectric 1 year ago
@vampelectric which book are you reading?? In the revised version of the Great Depression Ahead there are Stocks graphs projecting short - medium - and long term scenarios. Stop making excuses for this guy
Ellipsis10 1 year ago
Of course the markets are in denial. The dow was at 10,300 and gold was 425 in 2005. The dow is still the same while gold is at 1200.
Denial! Denial!
mathers3000 1 year ago
For the US markets, we agree that they could go up the coming months, but it is not certain. For the continental European markets, however, our trend analysis indicates that they are more likely to go down now already the coming 3 to 6 months. Same for Japan. Could it be that we will see the coming months a major disconnect for the direction of the US market versus the direction of the European and Japanese market?
StockTrendInvesting 1 year ago
Harry, Please just simply reply to the repeating comments on this blog: why did you say in your March video that you wouldn't want to be in the markets in May no matter what your indicators say? Why do you use different indicators in your book vs your newsletter? (that excuse just lowers you down to infomercial level) Why have any long term indicators if you don't stand by them when the going gets tough?
fritzmoca1 1 year ago 2
@fritzmoca1
In the March update Harry said he "... would almost not want to be in the Markets after May no matter what the technicals say." Right now the technical indicators that he follows show a very strong divergence in underlying buy/sell activity among issues and the fall in the indices. Which means he believes there is a very strong opportunity for another run at 11,300 or so. As an aggressive investor, he is waiting for the markets to make another run at that level.
hsdentfinancial 1 year ago
@hsdentfinancial If there is a very strong indication that the markets will run to 11,000+, why not advise in investing in a short term play??
Why use different indicators in his book vs newsletter? (yes I know his book discusses demographics and his newsletter emphasizes technicals, but that is why there is so much confusion in these blogs -- we are constantly asking for clarification on short, medium and long term recommendations!)
fritzmoca1 1 year ago
@hsdentfinancial If there is a very strong indication that the markets will run to 11,000+, why not advise in investing in a short term play??
Why use different indicators in his book vs newsletter? (yes I know his book discusses demographics and his newsletter emphasizes technicals, but that is why there is so much confusion in these blogs -- we are constantly asking for clarification on short, medium and long term recommendations!)
fritzmoca1 1 year ago
Looks like Harry is a little off concerning home prices, as the mean price of an American home actually increased, although not by much. The real question is do we consider sending borrowed money an advancement in the economy? The whole question is becoming more boring than anything else because reality is perception so the market will move anyway it wants not in the way that logic suggests.
MrYatesj1 1 year ago
Comment removed
thisissorowdy 1 year ago
The sky is falling!
ctube001 1 year ago
It seems obvious that Harry did not trust China to ease inflation as they are. Instead up pumping up the ball until it blows up in your face China is going to release the pressure slowly. They have saved us from further pain and if we retest 7700 I would be surprised. I think today (opening under 10000) is the best enter point we will see through the summer. After that all bets are off.
MrYatesj1 1 year ago 2
Harry I think your over all concept might be right based on RE market conditions....but too hard predicting stock market for anybody.
lozagon 1 year ago
you know H A R R Y, if you didn't post this May Update you would look like a GENIUS right now. I'm sure your kicking yourself....
Ellipsis10 1 year ago
He has been dead wrong!!! and now he says that this correction is not what he was talking about, and the markt will go to 11,300-11,800...and he gives it until aug...! I bought that book and it had many incorrect predictions and his charting model his flawed in my view.
Famez786 1 year ago
Harry Harry....No no no. You said back in 2009 that there would be rebound. But said oil would be a winner. It turns out almost every stock has outperformed oil. Then you have been postponing and postponing. Stick to your date, or don't say anything...you are costing people too much money.
lozagon 1 year ago
50dma thru the 200dma (death cross) is just days away on commodities ($CRB). This leads the SPX.
Schweizer135 1 year ago
No one can take this letter selling marketing gimmicks of any value. Charles Ortel have been saying the Dow would be 6000 before 11000 for two years and GE would be $2. He must feel stupid the way things are. Mr Dent is singing similar dramatic songs as if he has a crystal ball and can see the future. We hear different commentators daily on CMBC and Bloomberg with all sorts of ideas. If Mr Dent can see the future the way he claims then he would not need to sell letters . NGM
ngmarar 1 year ago
if you think a major correction is coming in the next couple months, and you're trying to make money consistently, what is your reasoning for not getting out now and missing the last 10% or so of the peak? Especially if you think the crash will happen quickly...
jonathanbbelanger 1 year ago
Comment removed
MissAbrrar 1 year ago
Change your view on gold????
Mr1openmind 1 year ago
Hey Rodney...you guys still saying that Oil will go up to $150-$180 a barrel?? For some strange reason you guys have backed away from that prediction
Ellipsis10 1 year ago
It almost looks like Harry is missing the boat on the start of his own call as we are starting to see some deterioration in the market. Maybe his March call of April-May was more on the money than his May call of July-Aug.
How far this thing really drops when the whip comes down is the most important thing when planning a re-entry point on longer term holdings.
MrYatesj1 1 year ago
like the newsletter and perspective, that they keep up with the trend and adjust. But as well, their timing has been off several times...e.g, expected crash last Nov (and right several times..;Jan March May 2010). a prior newsletter indicated they didn't want to be in the market in any case post May, so this is a change. I wonder how much risk they are taking by getting in or staying in this "last" swing? with events like last week, you can get caught.
livingwaterutube 1 year ago
hey harry!!! ill give you a tip! august 7 2010 is the topping DATE!!! call me crazy or not..... because every1 knows your crazy:) you are right though, the crash is coming this year, august 7th into october, if it hasnt done enough damage, we could see this bottom in may 7th of 2011. then a rebound stimulus recovery then on. you can draw your cards, but you cant change the game!! peace out!
rollypolly000 1 year ago
Just would like to point out how China was first to drop from the Oct 2008 rally in Aug 2009 (-27% Peak2Date), then Europe from its Mar 2009 rally into Oct 2009 (-34% PTD), and I now believe US markets will double top in June for a very remarkable decline, which will surprisingly be faster than every one thinks because the machines won't be able to control the "orderly" decline supplicated by US regulators. When does Wall Street 2 come out? GL!
jp0818 1 year ago
We will all find out together.
prayfortruejustice 1 year ago
very interesting video, the one data point I wish he would have spoken more about was the idea that "smart money" is only starting to sell into the rally. Investors Intelligence has the Buy Climax information which recently hit an all time high if I'm not mistaken and this indicates strong hands selling to weak hands or distribution.
Dow 3,800 yowsa! This is somewhat similar to the forecast of Robert Prechter.
Great Video.
heelsfan2280 1 year ago
awesom
brettmberry619 1 year ago
Money printing can cut in and assuage the plunge Harry predicts. So if money printing happens quickly the lows may be quick and moderate. Or it could be a slow knee-jerk that starts well after a big fall.
hewjet 1 year ago
it gives me a bias to consider in my trading, he gives you traders outlook not a prophecy.
ashag28 1 year ago
Harry cops a fair of flack from some people saying he's too bearish. Facts are facts though - world debt is at crippling levels and somehow world markets are ignoring this reality. A change in trend is inevitable when markets finally wake up to reality... lets just all hope it doesn't get quite as bad as he says it possibly could
medioptics 1 year ago
Remember Mr. Dent predicted Dow 40,000, and then Dow 32,000, and then Dow 25,000, and then Dow 15,000, and then great depression. So watch this for entertainment and have a good laugh.
manojsugathan 1 year ago
I think that anyone who thinks the USA with huge budget and trade deficits is not in big trouble is living on another planet. Problems in Europe with exception of Germany are just as bad if not worse. China's growth can also not continue. He also has a good track record over 20 years but getting the timing to within 6 months to year is difficult with so many imponderables. It is a question of just how greedy we all are which is why the smart money is converting to cash.
jeoates2010 1 year ago
I would rather have cash on the sidelines when the second shoe drops vs being knee deep in this market when the whip comes down.
Losing a few ticks up is a small price to pay.
That is of course unless you feel all is well with the world financials and we are racing back to 14K and beyond.
It might be 2012 right? Hahah
MrYatesj1 1 year ago
Dent is most likely right...but beyond that, why pay him any attention? I mean, is he suggesting selling out all positions in every segment (U.S., Europe, and emerging mkts!) and every type of mutual fund (FTSE, gold-mining, tech, etc.)? So we simply wait out the next 10 years while inflation destroys the value of our (non-) interest-bearing money-mart funds? As they used to say, "Thanks for nothin'".
jannechi 1 year ago
He makes excellent points. If you know anything about economics and understand simple laws of supply/demand, then it is not difficult to extract some pearls of wisdom.
asvusa 1 year ago
If you think Harry or anyone can exactly predict any market, you're in a dream world. This is a macro analysis; for the micro go to IBD. They both work pretty well together. The big one here: "Real estate is not coming back." WOW
1probate 1 year ago
God's prophet you're not, but for my mortal bones, Harry, you're 100%. Thanks.
rleerichan 1 year ago 2
Btw, my thinking is that we gonna have a market crash within the next 1 thousand years! WAHAHAAHAHAH
marque1999 1 year ago
Gotta say - the book Bubble Boom was kinda off a bit - no. Trying to figure why I would listen.
valerie4975 1 year ago
@valerie4975 Then don't listen. How simple!
simonyadig 1 year ago
Smart money? Sadly, some 70% plus of trading/manipulation comes from the algos from the big 6 parasite banks. They turned off the buy programs on thursday and market tanked..because there are no real buyers. None! It's all algos .. six banks using tax payer money trading with each other. Smart money is out and owns gold and silver.
jkt626 1 year ago
Remember, Harry has been saying that gold will drop because he believes in a deflationary depression. It hasn't dropped because hyperinflation is the future. Why he believes gold will drop even in deflation doesn't make sense. He also doesn't believe in peak oil so he defintely has problems with his future outlook. But his belief that debt and "Baby Boomers" bringing the market down is right on but that is basic economics - at least the economics that Austrian economists understand.
lacourb1 1 year ago
@lacourb1 I agree. I'd like to see Harry debate Peter Schiff.
Schiff HAS said that there will be deflation but in terms of gold.
ohdaysoo 1 year ago
Broken record, we know we're going to zero Harry! Why bother timing it? Just buy some jerky and gold
worldgoingtozero 1 year ago
HAHAHAHA whatever happen to "IN MAY I DON'T WANT TO BE IN THE MARKET NO MATTER WHAT OUR INDICATORS SAY" you're so full of shit!! and why would you use different studies in your Newsletter then from your books?? I spent $24.00 on your book predicting that the crash would start in Sept 09! I spent another $24.99 on your revised book saying it would crash in Jan 10! now all your promoting is your Newsletter. We all know that the worse is ahead of us. HONESTLY HARRY, DO YOU EAT YOUR OWN COOKING???
Ellipsis10 1 year ago
@Ellipsis10 It did crash. The market is not even at breakeven yet from it's high. If you would have gotten in last May you'd be sitting pretty. But, if you were in in '05 you're probably feel like you're standing in the rain without getting wet. The markets not only crashed, but, the S & P and Dow respectively don't tell the true story. Remember the Dow only has 30 stocks is it. How many of those does the average investor actually own? Exactly.
JAGWAH66 1 year ago
@JAGWAH66 Listen guy, Harry is publishing REVERSE-HEAD&SHOULDERS (wtf?) charts in his books, CD and Newsletter showing the Dow being down between 3000-5000 point and he keeps saying it's gonna happen this month, no wait later this month, no wait late next month....for the past 2 years. That's what I'm calling him out on.
Ellipsis10 1 year ago
@JAGWAH66 Listen guy, Harry is publishing REVERSE-HEAD&SHOULDERS (wtf?) charts in his books, CD and Newsletter showing the Dow being down between 3000-5000 point and he keeps saying it's gonna happen this month, no wait later this month, no wait late next month....for the past 2 years. That's what I'm calling him out on.
Ellipsis10 1 year ago
@Ellipsis10 Its true. In one of his vids he says the top will be in April, the latest May, and now he is saying June, July, or August, lolol. The bottom line is that this stuff can't be timed perfectly. Just buy gold.
Exposethefrauds 1 year ago 2
@JAGWAH66 Listen, Harry is publishing REVERSE-HEAD&SHOULDERS, wtf? charts in his books, CD and Newsletter showing the Dow being down between 3000-5000 points and he keeps saying it's gonna happen this month, no wait later this month, no wait late next month....for the past 2 years. That's what I'm calling him out on.
Ellipsis10 1 year ago
@Ellipsis10 Yeah, gotta agree with you on that. You will at least hit 1 out of 100 if you keep trying...wahahhaaha. The funny part is that he has got the CHEEK to call others 'dumb money"!
marque1999 1 year ago
send me your june's newsletter man!
tracala 1 year ago