1) corporations are sitting on almost $2 trillion in cash 2) corporations are making record profits 3) corporate managers are making record bonuses 4) taxes on the rich and corporations are at record lows rate wise and collection wise 5) middle class has gotten no income growth in decades 6) trillions of giveaways to corporations and rich who have bought the government and push trillions of their debt onto the government 7) the FED steals 100's of billions a yr in interest from the US
Harry finally posted on November 6. What a joke. Now he is telling people to buy. This guy is shameless and unbelievable. If you listen to him you do so at your peril. The latest video is full of posts from people who lost money taking his advice. AT least I only put 10K in. Watch the july and Nov video and see for yourself
There are many well respected analysts who are predicting a couple years of stock market growth, I've followed them and Harry; Harry doesn't come close to their performance. This guy Harry has become a total joke, he's cost too many people too much money based on flawed analytics.
Harry makes such one sided arguments. Anyone who's ever worked in predictive analytics knows that there are many factors that predict the future, not just baby boomers, and you can't categorize boomers like Harry does. And statisticians know that you never get it right, but you get some foggy predictions.
If you've been following Harry's advice for the last 5 years, you've missed out some great gains, he's be soooo wrong and he hasn't learned, his time is done as far as I am concerned.
119 days....no Harry.....they must be busy researching what the "smart money" is doing. The "smart money like me went short and lost their asses. The "dumb money" went long and are making a fortune. Thanks Harry. Great follow up by the way. Did anyone throw any rotten vegetables at you when you went on Fox? Too bad if they didn't.
Do you really think it matters if we go back to the gold standard, who do you think owns the majority of the gold? The same motherfuckers that are destroying the dollar. The ego driven power hungry SOB's are jerking us all around so basically there are two things to do. 1) Start a revolution OR 2) find a town where you can have a garden, raise some chickens and a goat, have access to clean water and live a simple life away from the greedy, consumption driven society that helped create the mess
@MrYatesj1 Great posts! I agree on the gold standard. That would only make things worse. What is happening now is crazy. I just don't know if there will be a crash of the magnitutde Harry is talking about. Look at Japan. They have milked and nursed their economy to a twenty year sideways (flat) existence. Businesses have stockpiled cash. Many more banks will and should fail, but that won't spell the end.
The demographic concept combined with the financial debt we created in the housing bubble could have brought the US close to levels Harry was speaking of but of course TARP and QEII are propping the whole mess up. It is basically prolonging the wait of the fall and yes the fall could be larger because of the injection of printed money. Killing the dollar so we pay back our debt with a worthless currency is fucking crazy. The Fed+ the Banks+ the wealthy in power=A hard rain gonna fall.
1) this govt is hell bent on controlling the markets at any cost to get people to spend
2)currently it is not a game of trying to outsmart the market like the past 20+ years.It is a question of what will this govt do next,how long can the govt build onto this house of cards,how many trillions can the govt print untill it implodes on its own weight.
3) this market,with a govt doing what it is doing could defy gravity for a long time,as it often does.
He applies the demographic case as if an entire generation is going to stop spending in the same month.
I agree that the market should go down..alot.Thats not the way the market works,Actually I think this country needs a severe depression and I would love to see the dow go t 4000 or lower.All this American materialisric gluttony and the debt to finance it needs a major smack down.
In terms of the stock market,keep these thoughts in mind
Well it looks like Harry is in hibernation again.Some of the comments in this video show how truly inept Harry is about the stock market,or atleast timing the market.Today is 11/8/10 so this may seem like some monday morning QB but I was very skeptical about these remarks in July.i get the demographic concept.But Harry takes that concept and not only tries to time the market,but forecast the level that it will drop to,and by when.
@Tschuamm - Printing more and more money will save us from ever crashing again? Please pick up a history book on that one. And Stimulous in a downward trend economy is like pissing money down an elevator shaft. The $100B per month the govt will be pumping into the economy will help for now, but may very possibly deflate the dollar further as time moves forward. Thus only prolonging the inevitable leading to the longer downward trend that HS Dent speaks about here in the last 45 seconds.
@Tschuamm - Printing more and more money will save us from ever crashing again? Please pick up a history book on that one. And Stimulous in a downward trend economy is like pissing money down an elevator shaft. The $100B per month the govt will be pumping into the economy will help for now, but may very possibly deflate the dollar further as time moves forward. Thus only prolonging the inevitable leading to the longer downward trend that HS Dent speaks about here in the last 45 seconds.
Harry's book doesn't account for stimulus/inflation. We will never have a crash again because we will just print more and more money to offset it. Buy gold & silver to protect yourselves
Just watched the Oct 22nd Fox video. I think the fallacy in Harrys logic is the baby boomer spending wave. This is a much more global economy now. Other countries will pick up spending shortfalls and dampen the effects of this wave. I am not saying it wont be rough.
Hey Harry i just saw your Fox interview from Oct 22, Now your changing your Story again: the Market will reach high's of 11,800 and bottom at 7000-8000 by 1012!!! Whatever happened to DOW 3-4000 by December 1012!
Harry is in hiding. We won't hear from Harry until the market corrects itself...a marketing tactic to pump up his books / newsletters / conference etc.
He must be re-collecting himself and re-crushing his otherwise failed data. Elliott Wave folks might say this next correction ( C wave Down) takes us to S&P 940 or so and we see the next leg up to 1300. I am not sure how or if waves understand stupid politicians creating a mt of debt or if they can foresee Europe trying to work its way not spend it's way back to health. Harry's voice is missed if for nothing else something to debate.
@MrYatesj1 or perhaps the masses of Elliott Wave analysts have got the wrong count! I am an Elliott Wave Analyst and I have been nailing this market almost perfectly since I started posting videos in February. I follow purely Elliott Wave and it has worked very nicely.
@tradeyourwayout Well do tell Sir, your not near the top of a v(5) looking for a C leg down? I would love to hear your count. Granted if we don't hit 1205 or so on the S&P we could see a smaller correction down and shoot for 1300. Clue me in.
@mrdigitman Well, there IS a "depression" in this country. People are STILL losing jobs, and wages are going down. Spending has stopped, and Obama has brought NO jobs back to the US (but China is booming). Of course, China having all of our manufacturing doesn't help us at all.
This is why professionals don't predict, but react. Use money management. Use portfolio management. Watch ones own psychology. Try to massage an implied probability. When it doesn't work out ... then adjust.
@MrYatesj1 . Here is the rub for me right now. Businesses are sitting on a ton of cash. It is looking like wall street is divorcing itself from banks. The govt, once the lender of last resort, is now anything but. If hiring restarts we could be seeing the other side of this thing. I am beginning to doubt whether the demographic shift will be as bad as once thought. It may just be a bumpy ride as opposed to a depression. I am kind of sick of worrying about it to be honest
@harizal5 I agree with you I, don't see the next depression but on the short term basis I think we will see a pull back. As the dollar devalues I think America is the winner as China own our crappy currency, they need our money to grow and we are the biggest owners of gold. This is all long term thinking though, I am not sure we will see jobs pop back in the next 6 months, what would cause the up swing? We will be fine and I too an sick of all the doom and gloomers but we could still c 8000.
@MrYatesj1 I'm surprised that Harry hasn't posted an update so far. On Nov 30th, 3rd Qtr GDP will be released. I'm wondering if he thinks it will be higher or lower then the 1.6% for 2nd Qtr
If we were still on the gold standard Harry Dent's prediction would be correct. The problem is he is basing his predictions on previous cycles such as the Depression (his 80yr cycle) which occurred when we were on the gold standard. Our markets will continue to deflate priced in gold but as long as the FED expands the money supply the nominal value of the stock market an Realestate will not fall as dramatically as he predicts because they are both in dollars and the dollar will continue to lose
@matt4021 As the dollar continues to devalue you need to recall America is the world leader in the holding of gold. If in fact the Fed ultimately does their job which is to destroy the dollar so we can try to export we very well could be on the gold standard again. This of course is not a short term way to think but 10 years out sure debasing currency as we know could very well lead back to the gold standard.
Harry's read was 100% incorrect. He has scr3wed me completely. Had I just invested in this time my money would have given 50% atleast. This is a stupid video. Lesson learned : Dont fight the tread. Play along. Stop listening to harry.
It seems Harry likes to wait until a market down turn ( a very natural thing as we all know) to spread his doom and gloom of Dow 3000 or what ever. He would do well to warn everyone right now as there is little room for this current up trend. The technicals are screaming for a pull back with gaps to fill some 10% down from here. That is not so say a market "crash" but we are over bought. Shall I predict it now? As of 10/14/10 the general market will drop at least 10% by years end.
It's been 3 months and the S&P500 is up 8.1% (with dividends), while he said he was very confident that there would be a substantial drop or perhaps a crash in the next few months.
Nice job Harry!
Of course, if he keeps on predicting corrections, he may eventually get it right.
Yup, as I said 1 week ago...the dow has hit 11,000. Many people watching this video are underwater. Don't fight the fed. They have too much money and will always beat you. If economy does poorly then QE2 will come to play. If economy outperforms then QE2 is not needed. Either way, it's win-win for the market.
Harry S. Dent correctly predicted the crash and subsequent rally in stock markets, but where's this long overdue crash that keeps being postponed? It appears that investors are putting money into the stock markets, rather than pulling it out because interest bearing investments have such a low rate of return. Until interest rates go up, that trend is likely to continue.
This whole market is being propped up for now, I would not be surprised to see the S&P 1230 before we correct to 940 then watch for a bounce to 1400. Crazy? Mark it down and talk with me in six months.
You poor buggers - he's never never right. He will just post a new prediction in a month and you'll eat it up again. There is NO FREE LUNCH in this world. Its hard to internalize it but you'll have way more success in life once you realize that once and for all.
Harry, you have been unusually quiet the last few months. I realize your long term trends aren't always met with market cooperation in the short term. That said, now is the time to be bold. We need to from you, especially those of us who have put skin in the game based on your recommendations. So, let's have have Harry, where do we go from here. Meredith Whitney is calling for a housing double dip in Q4, perhaps that will lead the way? Clearly the GDP numbers were muddled.
They haven't even approved my comment on their forum from over a week ago. Of course they were all too happy to approve them last month when the market was going down and I had the unpopular opinion that it was a shakeout to rid the market of supply at the top of the trading range, and an opportunity to buy.
@tycomfck Elliot wave theory changes from day to day as time indicators get stretched or key support numbers are broken either up or down. There is not perfect way to predict the market. With that being said both Dent and Prechter called for the crash although both are holding on to see further loses as we all see the short term upward movement. Only time will tell what happens but HFT machines, and printing money hand over fist does effect the natural movement of the market.
Not clueless. The economy is unfolding as predicted. Harry did not allow for the aggressive fighting back by the Fed to keep asset prices up. It's all going to end in tears as the huge wave of baby boomers age and become saver/sellers instead of buyer/borrowers.
@athertg..blah blah blah...I've been hearing the same prediction "Ok guys, New leading indicators, Market is about to Crash!" for the best 15 months. His Short Terms predictions are f'n clueless. Stop defending him.
All starting to happen as per Harry's long term predictions. House prices falling all over the western world again as baby boomers have finished buying. Only the Fed pump holding stocks up. Big fall coming.
@athertg What is starting to happen? Dow is now at 10,800, which is way above Harry's "Forecast." This "Chicken Little" video is a joke. Any investor would have been drowning if they shorted to market.
@athertg What is starting to happen? Dow is now at 10,800, which is way above Harry's "Forecast." This "Chicken Little" video is a joke. Any investor would have been drowning if they shorted the market.
I would really love to hear what Dent has to say now, because this whole thing is completely out of whack. Apparently we were out of the recession as of June 2009 per a report on CNN this morning (9/21/10) The media is the media but the Fed, NBER, and POMO fueled HFT are propping this whole mess up. I am just not sure how, if or when it will fall. If the charts no longer make sense then WTF. I am not on the inside so I am gone daddy gone.
Pretty nasty little upthrust bar today on the ES into our resistance. Would basically have to expect selling into any attempt to break out of this range, but definitely a weak bar. Wonder if this one might have to come off a bit.
@turboeclipsenc Whoops looks like the powers that be are going to prop up the Market by any means possible. ( Until the elections?) The charts are all broken at this point. Nothing makes sense, you cant short, going long seems really really crazy although its working right now. I am done with this game. Peas'
@MrYatesj1 Well I wouldn't be getting short in an uptrend, I just think this is not the level to get long - better to wait for a pullback. Re Friday's upthrust, Sunday night's trading session came down exactly to Friday's low but was unable to break it, which was actually short term bullish and the market responded yesterday. Still, if I were a longer term trader (not intraday, which is what I do), I'd want to take some profits or hedge at this point, then wait for the right time to scale in.
Hey you all the only info I am getting is from King World News, Harry, Nathans Economic Edge, Peter Schift and the leads I get from these folks that support their story. All of these characters are very negative on the Market but as Ellipsis keeps telling us the "Market" is not the "Economy" I was hoping to listen to more positive outlooks to see their side of this crazy story. Any Suggestions?
@MrYatesj1 Do the opposite as all these jokers. They say they "KNOW," what will happen, but in actuality they have NO IDEA what the future holds. Remember, August was suppose to see a BIG market drop. In actuality the market only dropped to 10k and has been on a healthy ralley since.
@MrYatesj1 Watch high volume bars that close >50% off their lows or highs after an extended move- signs of distribution & accumulation. This will stick out like sore thumbs intraday- 30 min, 15 min, and 5 min. Also, look left to see where you are - support, resistance, trend. Like right now, our trading range is controlled by May 6th low and close. Be careful of buying strength or selling weakness into resistance/support. Don't listen to contents of news - just watch how market reacts to it.
@MrYatesj1 Oh, & the previous remarks should include to watch accumulation/distribution after extended move into a news event and/or previous area of support/resistance. Often will see false breakout here, so that's why I said be careful of buying strength or selling weakness in these areas. Also, be very skeptical of news stories. Institutional analysts don't have your interests in mind. 2 stories recently on CNBC majorly bearish on oil- oil's trading higher now than when they were released.
Harry is due at this point in the month, wonder if he will come out and say the powers that be are controlling the market ( with the lil black boxes) and it is best for most of us to simply stay away form the whole rigged game. Yeah of course that is not going to work for him as he is a seller of (mis)-information but in reality this game is pretty F-ing risky. Good Luck You All!!
exactly 2 months later update: Market is actually HIGHER today with zero signs of a crash. Economic data came out BETTER than expected. Anyone that shorted the market on July 13th is underwater right now. People that sold based on this recommendation are no participating in this Sept ralley.
@ImpulseComments WRONG!!! On July 13, when this video was posted, the DOW was @ 10,407. Today, (9-15-10) the DOW is 10,522 ... hardly "up" .. three months later.
The DOW peaked April 26, 2010, and has been doing EXACTLY as Harry said .. flailing between support and resistance i.e., 10,000 - 10,600.
@karenbcz22 umm...lets see, 10,5k is 100 points higher than 10.4k right? So, the market is HIGHER today (2 months 2 days later). The market is now closer to 10,6k from another extended ralley. Harry Dent "HD" said he was expecting a MAJOR pullback @ the end of Aug. We are now in mid Sept and the market is now almost 200 points higher than mid July. Weak economic data???? Come on everything that came out @ the end of Aug BEAT estimates!
@brendandylanmaloney Because he's extremely accurate as a LONG RANGE forecaster. Everything has happened exactly the WAY he predicted just not WHEN he said it would.
For investors/traders who always think for themselves but consider all other opinions on the market, forecasters like Dent are endlessly valuable in making their own view of the economy more accurate.
He gave us the eyes to see stimulus rally's and deflation without being able to point to it's exact beginning. Good enough for me.
@granolanutpunch Actually no, his "advice" is no good for a trader. And yes, *exactly* the way he predicted - DOW 40k?? Please ...
And here's the thing - I don't disagree with any of his economical perspectives. But I've said it here plenty of times, the market is not the economy, the market is the market.
@turboeclipsenc I'm not saying he's anywhere near 100%... Who is?
But he's got to have some skill to predict a massive impact from the baby boomers retiring happening this decade, way back in the 80's. He also predicted a stimulus led rally after the initial crash before anyone mentioned TARP. That was useful to a lot of traders.
If my weatherman calls for 2 feet of snow in Miami in July and it only snows 6 inches I'm going to be the only one saying, "Holy crap! he was right!"
@granolanutpunch Well considering he was calling Sept '09 a top (which he later revised to Dec-Jan, at the latest), I just don't think you can consider him a very reliable source (certainly not in this decade, at least). I stick to reading the charts - that's useful to me.
I figure if I do the exact opposite of what Harry suggests, I'll do very well in the market. Although there is a lot of September left to go, The DOW is up over 400 points during the first three days. I wonder if Harry is following his own advice when it comes to investing. He keeps predicting a market crash then comes up with excuses as to why it didn't. He was wrong about DOW 40,000 and he is wrong about DOW 3,400. Why does he still sell so many books?
It's September and still no crash! There won't because there is too much bearishness in the market. The latest survey from Investor's Intelligence, as of September 2, 2010 is 29.4% of investment advisors are bullish and 37.7% are bearish. There are more bears than bulls and 29.4% does not point to a crash.
I showed you that this was the bottom 5 days ago. The news has nothing to do with the long term direction of the market, it is only used to present opportunities for the smart money to accumulate or distribute. Why did the market rally on a bad existing home sales #, and then again on a bad new home sales #? It wouldn't matter what ISM looked like, the market would still be up today.
@turboeclipsenc Good Call, the chart you linked to did not work for me so I am left holding my short position in the S & P. At least its an ETF so there is no time crunch to sell. Would you mind directing me you your source as it seems the guys I am looking at are still stuck in the second wave of 3 of 5b inverted, haha. You are spot on! information is not the driver. When everyone is yelling Fire its time to buy and when everyone is yelling DOW 11K its time to sell. Peas'
@MrYatesj1 Sorry re chart. YT won't let you link in comments and so I had to put spaces in between it before they would accept it. Re market bottom - was my own call, but also someone I study heavily had the same opinion. Search YT for SnP500Trader and you'll find him. If you like index & currency futures, Rob's your guy. I won't put his record here, but it's been a long, long time since he's had a loss. Consider this, tho - there is a reason 90% of retail traders fail. Who's on the other side?
@turboeclipsenc Cool, thanks for the info. I watched his last posting looks like he is in the game second by second everyday. I am a lazy trader as I try to follow basic trend and jump in and out of ETF's of S&P and Naz shorts and longs. I am underwater on my short but I am sure we will see S&P 1071 sometime soon then I am even. Thanks again for the info. Talk with ya soon.
@MrYatesj1 True. Rob trades 8am-noon, so yeah, intraday trading. Probably average trade duration of 20 seconds - 5 minutes. Not really for the passive investor.
I am so glad to hear that as long as China's # are good it will effect America in such a positive fashion. With that kind of info I will simply buy American stocks and go long, we cant fail with China driving our broken economy.
Never mind the the Gov is propping up the collapsing housing market, or that unemployment is 9.5% across the country. No need to worry about a falling dollar and the disappearing squeeze of the American middle class. China is doing well so we are GREAT! Buy Buy Buy!!
2 weeks away form mid Sept. and the DOW is far from 8,200, and it's further away from 6,440 (although 6,440 is by Dec. at the latest).The 3,400 by the end of the year will occur very fast it it takes the Dow until Dec. to get to 6,440. Of course, Mr.Dent says it's POSSIBLE and it's LIKELY this will happen.It also MIGHT NOT be so extreme.So it can happen, or maybe not.He can always be back on youtube and say the newsletter subscribers got a different and right on time advice to avoid losing money
Doesn't sound as if Harry is too optimistic that the wonderful government "stimulus" will solve the multi trillion dollar problems. Now if Jim Cramer is telling us to buy, that will confirm the bearish comments....boo yah, skee daddies
Hey Harry, were you surprised that the Revised 2nd qtr Gdp figure was 1.6% instead of 1-1.5% as written per your Revisions Are The Thing article on your website?
Also, one last thing to consider ... with the chart I mentioned in the first message, there is a support line that runs in around the 1037 level. If you do a 3 point fib extension level from the 8/5 high to 8/15 low, then up to the 8/17 high, guess where the 100% extension is projected to? 1037. Coincidence? Guess we'll see ...
Also, one last thing to consider ... with the chart I mentioned in the first message, there is a support line that runs in around the 1037 level. If you do a 3 point fib extension level from the 8/5 high to 8/15 low, then up to the 8/17 high, guess where the 100% extension is projected to? 1037 even. Coincidence? Guess we'll see ...
Harry I have been listening to Robin Griffiths on King World News and now have a new understanding of your point of view. The key in this whole thing is to follow trends. If the market is going up in a wave 1cycle then get in the game. As things trend down, short the market. Nothing is all down all the time so your warnings are empty as the time frame is out of place I am shorting through Sept and half of Oct then going long through Feb. Hindenburg Omens Harry?
@MrYatesj1 Daily ES suggests possible support here - img835.imageshack.us /img835/6746/827esdaily .png (will have to put that together, I'm afraid). Coincidence we sold off one tick away from that late May low? Also we are responding in the same fashion of previous breaks of May 6th low on all the times we rebounded straight away (strong green reversal bar with a red down bar the next day to test supply before heading higher). Want to see break of falling wedge, but something to watch.
@MrYatesj1 BTW since you're a King World News guy, look up the interview with Andrew Maguire. You mentioned something here about trading metals - you'll want to hear that interview. Google "andrew maguire king world news" and you'll find it. Metals (especially silver) can be a dangerous place to be ...
Unfunded liabilities not included in his commentary also include defined benefit pension programs in the public sector. Currently lucrative; but systemically unsustainable.
Dear Sheep - please stop trying to get rich quick. Do not let this shyster take adavantage of you any further. When he is wrong (always) he simply changes his prediction so he is always right. (look it up back to 2004) He is the bully in the schoolyard who steals your hat and then puts it behind his back,. When you pick the hand its behind he simply switches it to the ther other one, and you fall for it every time.
@retroballer1971 I don't disagree that Dent's game is not on point, but are you saying you think the economy is growing? Double dip talk is a 50/50 now and with all the printing of the Dollar it's worth is not on solid ground. We have not seen the lows of this current Bear cycle as America is fully in debt. Before all is said and done the whole system will need to be douched. Do you disagree with that? What are your views of the next year to 3?
@MrYatesj1 I don't disagree with anything you are saying. I think that a lot of the opinions offered by Mr. Dent and other very intelligent economic analysts are interesting but that is where it ends. None of this prognosticating can possibly be APPLIED as an investment strategy to help us protect or build wealth.
I would have to disagree with this info being non applicable, as we are in a bear market cycle and have another 10 years before the baby boomers kids are spending serious money. Commodities, basic good stocks seems to be no brainers, while with all the referencing going on ( historically low rates) tells me to stay away for the banks. Understanding the cycle and being educated to what it means to the market is all we have. Now if you simply want to get rich, try the porn industry.
@MrYatesj1 With all due respect I think the impact of the boomers is a moving target. Because of the many scenarios that they may create, again, your logic is sound but just doesn't translate to us having a surefire investment strategy. It is a very small amount of them that actually control the largest portion of the wealth and I guarantee they will not be selling out of capital markets to buy groceries and pay rent, triggering a long term sell off trend.
@retroballer1971 I have only been in the stock market for 10 years and if I believed in the old school mentality of buy+hold=retire I would be even after 10 years. My point is there are always ways to make money even in a Bear Trend. I am not a doom and gloomer but we have been, still are and will be in a Bear Market for at least another 3 to 5 years if not longer. It is a stock pickers market you cant bet on the entire market. Lots of movement from Gold to Bonds now to Silver. Stay Nimble
@athertg If you think the news is a good predictor of the markets, tell that to the people who bought wheat on August 5th, or oil at $140 when it *had* to go to $200, or sugar at $30 when there was going to be a "sugar shortage."
Or on the other side, talk to the very happy people who bought GS at as low as $47 when they were supposedly going to get taken over by the government (after which the stock rallied to $200), or BP, which was supposed to be bankrupt by quarter's end ($26 low, $40 now)
Well as we see the market start to Dip, I wonder how many are back on the Harry Dent Train. I would also imagine some of you have also heard the Tony Robbins warning of a few days ago. Looks like at least for the short term we can see a nice pull back. Harry called it SH or PSQ to cash in on the up coming down swing. Check this out for more concise market calling.
@karenbcz22 That Sir is a GodDam good question. I feel like I am taking it up the Ass because I have a job, have money in the bank and did not over extend myself buying a house. To be frank I am getting sick and fuckin tired of hearing about how the stupidest and the laziest are better off than me simply because they are the stupidest and the laziest. WTF America!!??!!
@Ellipsis10, I would think NOT. Why are you asking me such a silly question? My comments 6 days ago plainly stated Harry's forecasts seem to be very out of reach, but the upside passed 10,600 might be a difficult one as well will the news coming out lately. My comments of a day or 2 ago were obviously out of frustration that DC is throwing money away faster than they can print it. At this point I am ready for football season, at least I understand that. Peas'
@MrYatesj1 It's unreal, In on late summer of 09 Harry explained that the would be 1 more Oil rally (btw $150-$180) that would bring down the entire market. He hasn't mention about it since.... the hits keep on coming for this bum
@Ellipsis10, hey I saw the TR clip on your You Tube Site. I have always liked TR and find this to be really interesting. I guess we will see. So let me ask you, do you think the market will fall 8000 point in the next few weeks?
@MrYatesj1 Sign up to Max Keiser channel; he has 3 shows a week on the world financial crisis. ...it's hard to say when the market will crash just because the Gov is doing everything to cover up the real numbers: The correct unemployment rate is not 9.5% The figure does not include part time jobs or people that ran out of unemployment benefits. It's more like 17-20%. The CPI Inflation rate does not include increase for food and commodities prices. The Auto industry has not recovered...
@MrYatesj1 ...all they did was clear the losses with bailout money and Magically show profits. Peter Schiff said it best, "the only thing that politicians want is to get re elected" All they keep doing lying to us; "It's a job-less recovery" what a joke! The Banks took over this country; Moody (owned by Warren Buffet) gave triple A ratings to junk bonds which were sold to Greece and we saw what happen. Lies Lies...
@Ellipsis10, not sure if I would call this a world financial crisis, China is in great shape along with a hand full of other countries. I wonder if the US can bring down the world, its not like were are helping much right now. If/when it gets worse I don't see the new leaders in the world crumbling. Hey I tried to watch the Max show but I am missing a thing called credibility, who is this guy?. We have the money on main street to turn the ship, but are to scared to use it.
@MrYatesj1 Credibility? he was a stock-broker on Wall Street for 20 years. Now he's a broadcaster and journalist. He usually has interesting guests on the show: Investors, Journalist, Economists and banking Regulator such as William K. Black (that was a good interview)
@Ellipsis10 I have to be honest I find the Tony Robbins warning more interesting than Max. I feel Max is over blowing his point, just as the TV news is under examining the situation. Ultimately I feel the truth is somewhere in the middle but the fact remains America's financial house of cards could be headed for a fall. Cash is king but gold, silver and reverse ETF's and commodities can make us little guys rich in the next 4 to 5 years. Good Luck
Instead of growing at a 2.4% annualized pace in the second quarter, real gross domestic product will likely be cut almost in half to a 1.3% annual rate, according to economists surveyed by MarketWatch. You called it Harry although 1.3% is most likely higher than you thought that is half the number they gave us a week ago.
Hard to tell heads or tails of this situation when numbers are constantly adjusted. I'm not saying were going to 8200 or 3600 but the up side from 10.600 might be limited.
@karen - But in a deflationary collapse the price could go into freefall, & stay at rock bottom for years. I don`t think we`re anywhere near a bottom in property unless you`re somewhere like Detroit, Rochester, Syracuse, etc., where it`s hard to see things can get any worse.
All the economic fundementals are unbelievably bad & I think we`re in the calm before the storm here courtesy of the Govs. bankrupting themselves, which can`t go on.
@karenbcz22 why do you feel pressure to sell at all? Unless your 80 years old just hold on, unless you have beach front in San Diego you would like to sell me on the cheap. The sky has already fallen, don't panic now.
How can the stock market drop to the levels that Mr.Dent professes, when The Fed is already talking about quantitative easing once again? The government will try to hold the market up no matter what.
Christina Romer, key economic adviser to President Obama. She will clean up her locker. To leave the economic team. She probably realized that Obama's econonic recovery plans are not working.
@izumiku64 To Izumiku: You weren't paying attention! Mr Dent said another rally up to around 10,600, and then a reversal. We are there NOW. The reversal is coming!!
One of the more disingenuous frauds the citizens of the United States are being subjected to these days is coming out of the US Mint. For over 2 years the Mint has been illegally rationing gold and silver American Eagles and now the Director of the U.S. Mint, Edmond Moy, is finally on the hot seat.
"A congressional subcommittee has been asked to investigate the growing backlog in and foreign procurement of U.S. bullion and collectors' precious metals coin blanks manufactured by the U.S. Mint."
Dent's claims&advice are dangerous.Warren Buffett,Peter Lynch,Nick Murray,etc-none of them claim that they know what the markets will do & when; and they’ve actually done something. All this guy does is make outrageous claims & writes a ridiculous book about it to make money off of his followers. What happened to his 44,000 Dow he predicted twice!?! Why did AIM get rid of him after his amazing predicting skills underperformed the market 11%. Dont get dragged into his theories & prognostication.
I think the most important thing to remember is that the market isn't the economy, the market is the market. And with all the double dip doomsday naysayers out there panicking the retail traders out of their shares, the smart money's been only too happy to buy it up on the cheap. As they pull the floating supply out of the market, only way to go is up. They're still buying on the bad news (pending home sales marked the LOW of the session today), so this thing's still got room to the up-side.
@turboeclipsenc you are so right, the market "at times"moves independently of the economy but in the long run the economy does drive the market. Technically not sure of the up side at this point bro so watch yourself at this point. I am not sure we see 11K here. Clue me in to your thinking here.
@MrYatesj1 The market works on supply & demand, which is created by institutional firms. If they buy up the floating supply (which they've been doing on all this bad news), the market will still go up because they've shaken out all the sellers. Did it on black Monday, after 9/11, with GS stock in 2008, etc. I day trade the ES though, so either way is fine with me.
@MrYatesj1 Also I study VSA (based on Wyckoff) - YT wouldn't let me post a link but if you go to Google and search "wyckoff spring market to new highs" and click the link for the MoneyShow article, you'll see the interpretation of the market that I subscribe to.
The problem here is Harry has to much common sense. He sees we are spending borrowed money and realizes that does not equal a growing economy. He sees the dollar on an 8 week decline. He knows the Fed needs to tighten belts to support the $ instead it loosens to avoid the pain of reestablishing our economy. It is really confusing to see the market continue upward while knowing some of these other factors. The longer we prop up this myth the further we will fall.
Mr. Dent is no short term market timer and maybe not a long term timer either. Dow up over 200 today and the month of August was supposed to be the big decline. This market has a way to go before it really corrects!
@tycomfck - A number of the passengers on the deck of R.M.S. Titanic were seen having a booze fuelled "happy hour" right up to the moment she went down.
This might be a metaphor for what`s going on now in the Square Mile & the Street, which have become little more than parasites on the Western World`s economy.
Lord have mercy! The damn DOW is up 220 pts. today. Geezus! This high-frequency trading stuff is insane! When is this BS gonna stop? When is the gov't gonna stop this crap!!??
my leading indicators tell me harry that you are a tosser!!! ever since you anounced to short the market, we've been bullish. id say do oppisite to harry n you'll prosper!
He has shit instead of a brain
jayadsilva67 2 months ago
Such an idiot. He predicted that the dow will be at 36,000.
jayadsilva67 2 months ago
This guy predicted that the nasdaq would reach 13000 by 20009. Why does anyone listen to him
novhyce 9 months ago
QE2 bailed everything out.
meetMr7 10 months ago
5:22 you mean 'exchange' traded funds?
AbundanceTV 11 months ago
Turned out to be a B.S. Follow "oldschoolchartist" for the most accurate market prediction on YouTube.
PureSoulProductions 11 months ago
1) corporations are sitting on almost $2 trillion in cash 2) corporations are making record profits 3) corporate managers are making record bonuses 4) taxes on the rich and corporations are at record lows rate wise and collection wise 5) middle class has gotten no income growth in decades 6) trillions of giveaways to corporations and rich who have bought the government and push trillions of their debt onto the government 7) the FED steals 100's of billions a yr in interest from the US
xadam2dudex 1 year ago
stock brokers and the bankers are like vultures or jackals..in the dictionary look up greed and there will be a picture of a stock broker
xadam2dudex 1 year ago
it's December and the DOW is 11300 NOT 3400-3800 YOU LOSER!!!
Ellipsis10 1 year ago
Harry finally posted on November 6. What a joke. Now he is telling people to buy. This guy is shameless and unbelievable. If you listen to him you do so at your peril. The latest video is full of posts from people who lost money taking his advice. AT least I only put 10K in. Watch the july and Nov video and see for yourself
harizal5 1 year ago
There are many well respected analysts who are predicting a couple years of stock market growth, I've followed them and Harry; Harry doesn't come close to their performance. This guy Harry has become a total joke, he's cost too many people too much money based on flawed analytics.
jvg785 1 year ago
Harry makes such one sided arguments. Anyone who's ever worked in predictive analytics knows that there are many factors that predict the future, not just baby boomers, and you can't categorize boomers like Harry does. And statisticians know that you never get it right, but you get some foggy predictions.
If you've been following Harry's advice for the last 5 years, you've missed out some great gains, he's be soooo wrong and he hasn't learned, his time is done as far as I am concerned.
jvg785 1 year ago
119 days....no Harry.....they must be busy researching what the "smart money" is doing. The "smart money like me went short and lost their asses. The "dumb money" went long and are making a fortune. Thanks Harry. Great follow up by the way. Did anyone throw any rotten vegetables at you when you went on Fox? Too bad if they didn't.
harizal5 1 year ago
Do you really think it matters if we go back to the gold standard, who do you think owns the majority of the gold? The same motherfuckers that are destroying the dollar. The ego driven power hungry SOB's are jerking us all around so basically there are two things to do. 1) Start a revolution OR 2) find a town where you can have a garden, raise some chickens and a goat, have access to clean water and live a simple life away from the greedy, consumption driven society that helped create the mess
MrYatesj1 1 year ago 13
@MrYatesj1 Great posts! I agree on the gold standard. That would only make things worse. What is happening now is crazy. I just don't know if there will be a crash of the magnitutde Harry is talking about. Look at Japan. They have milked and nursed their economy to a twenty year sideways (flat) existence. Businesses have stockpiled cash. Many more banks will and should fail, but that won't spell the end.
harizal5 1 year ago
Comment removed
MrYatesj1 1 year ago 2
The demographic concept combined with the financial debt we created in the housing bubble could have brought the US close to levels Harry was speaking of but of course TARP and QEII are propping the whole mess up. It is basically prolonging the wait of the fall and yes the fall could be larger because of the injection of printed money. Killing the dollar so we pay back our debt with a worthless currency is fucking crazy. The Fed+ the Banks+ the wealthy in power=A hard rain gonna fall.
MrYatesj1 1 year ago 11
PART 4
If there is going to be a crash,the most likely trigger would be a credit rating downgrade on govt debt.
Listening to Dent has alot of value,,,as a contrarian indicator
mjvideos12 1 year ago
PART 3
1) this govt is hell bent on controlling the markets at any cost to get people to spend
2)currently it is not a game of trying to outsmart the market like the past 20+ years.It is a question of what will this govt do next,how long can the govt build onto this house of cards,how many trillions can the govt print untill it implodes on its own weight.
3) this market,with a govt doing what it is doing could defy gravity for a long time,as it often does.
SEE PART 4
mjvideos12 1 year ago
PART 2
He applies the demographic case as if an entire generation is going to stop spending in the same month.
I agree that the market should go down..alot.Thats not the way the market works,Actually I think this country needs a severe depression and I would love to see the dow go t 4000 or lower.All this American materialisric gluttony and the debt to finance it needs a major smack down.
In terms of the stock market,keep these thoughts in mind
SEE PART 3
mjvideos12 1 year ago
Well it looks like Harry is in hibernation again.Some of the comments in this video show how truly inept Harry is about the stock market,or atleast timing the market.Today is 11/8/10 so this may seem like some monday morning QB but I was very skeptical about these remarks in July.i get the demographic concept.But Harry takes that concept and not only tries to time the market,but forecast the level that it will drop to,and by when.
SEE PART 2 RUNNING OUT OF SPACE
mjvideos12 1 year ago
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@Tschuamm - Printing more and more money will save us from ever crashing again? Please pick up a history book on that one. And Stimulous in a downward trend economy is like pissing money down an elevator shaft. The $100B per month the govt will be pumping into the economy will help for now, but may very possibly deflate the dollar further as time moves forward. Thus only prolonging the inevitable leading to the longer downward trend that HS Dent speaks about here in the last 45 seconds.
TheEraser22 1 year ago
@Tschuamm - Printing more and more money will save us from ever crashing again? Please pick up a history book on that one. And Stimulous in a downward trend economy is like pissing money down an elevator shaft. The $100B per month the govt will be pumping into the economy will help for now, but may very possibly deflate the dollar further as time moves forward. Thus only prolonging the inevitable leading to the longer downward trend that HS Dent speaks about here in the last 45 seconds.
TheEraser22 1 year ago 12
Harry's book doesn't account for stimulus/inflation. We will never have a crash again because we will just print more and more money to offset it. Buy gold & silver to protect yourselves
tschumm 1 year ago
Just watched the Oct 22nd Fox video. I think the fallacy in Harrys logic is the baby boomer spending wave. This is a much more global economy now. Other countries will pick up spending shortfalls and dampen the effects of this wave. I am not saying it wont be rough.
harizal5 1 year ago
114 days no Harry. DOW 11400. coincidence?
harizal5 1 year ago
Hey Harry i just saw your Fox interview from Oct 22, Now your changing your Story again: the Market will reach high's of 11,800 and bottom at 7000-8000 by 1012!!! Whatever happened to DOW 3-4000 by December 1012!
Ellipsis10 1 year ago
@Ellipsis10 post a link to that.
MrYatesj1 1 year ago
@MrYatesj1 youtube.com/watch?v=cYtJx6S8xgY
Video titled: Are Markets Headed For Massive Selloff?
Ellipsis10 1 year ago
Harry! Harry!! Were do you go when the lights go down, Harry!! Harry!! Where do you goooooo.
youtube.com/watch?v=dKaFG0HZm2I
MrYatesj1 1 year ago
It's NOVEMBER and the Market is OVER 11K!! According to your Book The Great Depression Ahead the market should have tumbled in SEPTEMBER of 09!!!
Ellipsis10 1 year ago
Harry is in hiding. We won't hear from Harry until the market corrects itself...a marketing tactic to pump up his books / newsletters / conference etc.
ImpulseComments 1 year ago
An update is due ! how about it Harry?
STUDENTOFLIFE69 1 year ago
110 days.......no Harry.
harizal5 1 year ago
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come out of the closet Harry!!
Ellipsis10 1 year ago
He must be re-collecting himself and re-crushing his otherwise failed data. Elliott Wave folks might say this next correction ( C wave Down) takes us to S&P 940 or so and we see the next leg up to 1300. I am not sure how or if waves understand stupid politicians creating a mt of debt or if they can foresee Europe trying to work its way not spend it's way back to health. Harry's voice is missed if for nothing else something to debate.
MrYatesj1 1 year ago
@MrYatesj1 or perhaps the masses of Elliott Wave analysts have got the wrong count! I am an Elliott Wave Analyst and I have been nailing this market almost perfectly since I started posting videos in February. I follow purely Elliott Wave and it has worked very nicely.
tradeyourwayout 1 year ago
@tradeyourwayout Well do tell Sir, your not near the top of a v(5) looking for a C leg down? I would love to hear your count. Granted if we don't hit 1205 or so on the S&P we could see a smaller correction down and shoot for 1300. Clue me in.
Thanks
MrYatesj1 1 year ago
103 days...no Harry
harizal5 1 year ago
@mrdigitman Well, there IS a "depression" in this country. People are STILL losing jobs, and wages are going down. Spending has stopped, and Obama has brought NO jobs back to the US (but China is booming). Of course, China having all of our manufacturing doesn't help us at all.
karenbcz22 1 year ago
For chris'sakes Harry! WTF are you?
Come on and give us an update!
Geesh!
This is bordering on RUDE!
karenbcz22 1 year ago
100 days....no Harry
harizal5 1 year ago
This is why professionals don't predict, but react. Use money management. Use portfolio management. Watch ones own psychology. Try to massage an implied probability. When it doesn't work out ... then adjust.
AirelonTrading 1 year ago
We will soon hear from Harry as it looks as though the unraveling of the current rally is just about here.
MrYatesj1 1 year ago
@MrYatesj1 . Here is the rub for me right now. Businesses are sitting on a ton of cash. It is looking like wall street is divorcing itself from banks. The govt, once the lender of last resort, is now anything but. If hiring restarts we could be seeing the other side of this thing. I am beginning to doubt whether the demographic shift will be as bad as once thought. It may just be a bumpy ride as opposed to a depression. I am kind of sick of worrying about it to be honest
harizal5 1 year ago
@harizal5 I agree with you I, don't see the next depression but on the short term basis I think we will see a pull back. As the dollar devalues I think America is the winner as China own our crappy currency, they need our money to grow and we are the biggest owners of gold. This is all long term thinking though, I am not sure we will see jobs pop back in the next 6 months, what would cause the up swing? We will be fine and I too an sick of all the doom and gloomers but we could still c 8000.
MrYatesj1 1 year ago
@MrYatesj1 I'm surprised that Harry hasn't posted an update so far. On Nov 30th, 3rd Qtr GDP will be released. I'm wondering if he thinks it will be higher or lower then the 1.6% for 2nd Qtr
Ellipsis10 1 year ago
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liar liar pants on fire!
Ellipsis10 1 year ago
If we were still on the gold standard Harry Dent's prediction would be correct. The problem is he is basing his predictions on previous cycles such as the Depression (his 80yr cycle) which occurred when we were on the gold standard. Our markets will continue to deflate priced in gold but as long as the FED expands the money supply the nominal value of the stock market an Realestate will not fall as dramatically as he predicts because they are both in dollars and the dollar will continue to lose
matt4021 1 year ago
@matt4021 As the dollar continues to devalue you need to recall America is the world leader in the holding of gold. If in fact the Fed ultimately does their job which is to destroy the dollar so we can try to export we very well could be on the gold standard again. This of course is not a short term way to think but 10 years out sure debasing currency as we know could very well lead back to the gold standard.
MrYatesj1 1 year ago
83 days since we last heard from Harry. Its like that Southwest commercial " Wann get away"...
harizal5 1 year ago
Harry's read was 100% incorrect. He has scr3wed me completely. Had I just invested in this time my money would have given 50% atleast. This is a stupid video. Lesson learned : Dont fight the tread. Play along. Stop listening to harry.
I am deeply hurt by this garbage...
mrsupercoolcop 1 year ago
It seems Harry likes to wait until a market down turn ( a very natural thing as we all know) to spread his doom and gloom of Dow 3000 or what ever. He would do well to warn everyone right now as there is little room for this current up trend. The technicals are screaming for a pull back with gaps to fill some 10% down from here. That is not so say a market "crash" but we are over bought. Shall I predict it now? As of 10/14/10 the general market will drop at least 10% by years end.
MrYatesj1 1 year ago
It's been 3 months and the S&P500 is up 8.1% (with dividends), while he said he was very confident that there would be a substantial drop or perhaps a crash in the next few months.
Nice job Harry!
Of course, if he keeps on predicting corrections, he may eventually get it right.
TheSnoopy1750 1 year ago
Yup, as I said 1 week ago...the dow has hit 11,000. Many people watching this video are underwater. Don't fight the fed. They have too much money and will always beat you. If economy does poorly then QE2 will come to play. If economy outperforms then QE2 is not needed. Either way, it's win-win for the market.
ImpulseComments 1 year ago
Harry S. Dent correctly predicted the crash and subsequent rally in stock markets, but where's this long overdue crash that keeps being postponed? It appears that investors are putting money into the stock markets, rather than pulling it out because interest bearing investments have such a low rate of return. Until interest rates go up, that trend is likely to continue.
Abitibidoug 1 year ago
This whole market is being propped up for now, I would not be surprised to see the S&P 1230 before we correct to 940 then watch for a bounce to 1400. Crazy? Mark it down and talk with me in six months.
MrYatesj1 1 year ago
Harry, your silence is shameful.
harizal5 1 year ago
You poor buggers - he's never never right. He will just post a new prediction in a month and you'll eat it up again. There is NO FREE LUNCH in this world. Its hard to internalize it but you'll have way more success in life once you realize that once and for all.
retroballer1971 1 year ago
Finally, I realize why people bad mouth this guy. Being underwater sucks ass!!
chineseal 1 year ago
Harry, you have been unusually quiet the last few months. I realize your long term trends aren't always met with market cooperation in the short term. That said, now is the time to be bold. We need to from you, especially those of us who have put skin in the game based on your recommendations. So, let's have have Harry, where do we go from here. Meredith Whitney is calling for a housing double dip in Q4, perhaps that will lead the way? Clearly the GDP numbers were muddled.
harizal5 1 year ago 10
@harizal5 Yes, I agree. WHERE IS HARRY???
It's been 4 mos. since his last video.
Come on, Harry!!
karenbcz22 1 year ago
Harry...DOW 11,000? ;-)
ImpulseComments 1 year ago
They haven't even approved my comment on their forum from over a week ago. Of course they were all too happy to approve them last month when the market was going down and I had the unpopular opinion that it was a shakeout to rid the market of supply at the top of the trading range, and an opportunity to buy.
turboeclipsenc 1 year ago
Both Dent and Prechter use the Elliott Wave Theory. Shouldn't this "theory" have seen this advance in the market? I guess not.
tycomfck 1 year ago
@tycomfck Elliot wave theory changes from day to day as time indicators get stretched or key support numbers are broken either up or down. There is not perfect way to predict the market. With that being said both Dent and Prechter called for the crash although both are holding on to see further loses as we all see the short term upward movement. Only time will tell what happens but HFT machines, and printing money hand over fist does effect the natural movement of the market.
MrYatesj1 1 year ago
this guy is clueless
Ellipsis10 1 year ago 2
@Ellipsis10
Not clueless. The economy is unfolding as predicted. Harry did not allow for the aggressive fighting back by the Fed to keep asset prices up. It's all going to end in tears as the huge wave of baby boomers age and become saver/sellers instead of buyer/borrowers.
athertg 1 year ago
@athertg..blah blah blah...I've been hearing the same prediction "Ok guys, New leading indicators, Market is about to Crash!" for the best 15 months. His Short Terms predictions are f'n clueless. Stop defending him.
Ellipsis10 1 year ago
All starting to happen as per Harry's long term predictions. House prices falling all over the western world again as baby boomers have finished buying. Only the Fed pump holding stocks up. Big fall coming.
athertg 1 year ago
@athertg What is starting to happen? Dow is now at 10,800, which is way above Harry's "Forecast." This "Chicken Little" video is a joke. Any investor would have been drowning if they shorted to market.
ImpulseComments 1 year ago
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@athertg What is starting to happen? Dow is now at 10,800, which is way above Harry's "Forecast." This "Chicken Little" video is a joke. Any investor would have been drowning if they shorted the market.
ImpulseComments 1 year ago
I would really love to hear what Dent has to say now, because this whole thing is completely out of whack. Apparently we were out of the recession as of June 2009 per a report on CNN this morning (9/21/10) The media is the media but the Fed, NBER, and POMO fueled HFT are propping this whole mess up. I am just not sure how, if or when it will fall. If the charts no longer make sense then WTF. I am not on the inside so I am gone daddy gone.
MrYatesj1 1 year ago
Pretty nasty little upthrust bar today on the ES into our resistance. Would basically have to expect selling into any attempt to break out of this range, but definitely a weak bar. Wonder if this one might have to come off a bit.
turboeclipsenc 1 year ago
@turboeclipsenc Whoops looks like the powers that be are going to prop up the Market by any means possible. ( Until the elections?) The charts are all broken at this point. Nothing makes sense, you cant short, going long seems really really crazy although its working right now. I am done with this game. Peas'
MrYatesj1 1 year ago
@MrYatesj1 Well I wouldn't be getting short in an uptrend, I just think this is not the level to get long - better to wait for a pullback. Re Friday's upthrust, Sunday night's trading session came down exactly to Friday's low but was unable to break it, which was actually short term bullish and the market responded yesterday. Still, if I were a longer term trader (not intraday, which is what I do), I'd want to take some profits or hedge at this point, then wait for the right time to scale in.
turboeclipsenc 1 year ago
Needing some help.
Hey you all the only info I am getting is from King World News, Harry, Nathans Economic Edge, Peter Schift and the leads I get from these folks that support their story. All of these characters are very negative on the Market but as Ellipsis keeps telling us the "Market" is not the "Economy" I was hoping to listen to more positive outlooks to see their side of this crazy story. Any Suggestions?
MrYatesj1 1 year ago
@MrYatesj1 Do the opposite as all these jokers. They say they "KNOW," what will happen, but in actuality they have NO IDEA what the future holds. Remember, August was suppose to see a BIG market drop. In actuality the market only dropped to 10k and has been on a healthy ralley since.
ImpulseComments 1 year ago
@MrYatesj1 Watch high volume bars that close >50% off their lows or highs after an extended move- signs of distribution & accumulation. This will stick out like sore thumbs intraday- 30 min, 15 min, and 5 min. Also, look left to see where you are - support, resistance, trend. Like right now, our trading range is controlled by May 6th low and close. Be careful of buying strength or selling weakness into resistance/support. Don't listen to contents of news - just watch how market reacts to it.
turboeclipsenc 1 year ago
@MrYatesj1 Oh, & the previous remarks should include to watch accumulation/distribution after extended move into a news event and/or previous area of support/resistance. Often will see false breakout here, so that's why I said be careful of buying strength or selling weakness in these areas. Also, be very skeptical of news stories. Institutional analysts don't have your interests in mind. 2 stories recently on CNBC majorly bearish on oil- oil's trading higher now than when they were released.
turboeclipsenc 1 year ago
Thank you Harry, for your EXCELLENT analysis.
The DOW is doing exactly what you said it would do ... going nowhere.
I'm OUT of my RE too.
The market is flat as a pancake.
karenbcz22 1 year ago
Harry is due at this point in the month, wonder if he will come out and say the powers that be are controlling the market ( with the lil black boxes) and it is best for most of us to simply stay away form the whole rigged game. Yeah of course that is not going to work for him as he is a seller of (mis)-information but in reality this game is pretty F-ing risky. Good Luck You All!!
MrYatesj1 1 year ago
@MrYatesj1 he's probably hiding in a closet
Ellipsis10 1 year ago
exactly 2 months later update: Market is actually HIGHER today with zero signs of a crash. Economic data came out BETTER than expected. Anyone that shorted the market on July 13th is underwater right now. People that sold based on this recommendation are no participating in this Sept ralley.
ImpulseComments 1 year ago
@ImpulseComments WRONG!!! On July 13, when this video was posted, the DOW was @ 10,407. Today, (9-15-10) the DOW is 10,522 ... hardly "up" .. three months later.
The DOW peaked April 26, 2010, and has been doing EXACTLY as Harry said .. flailing between support and resistance i.e., 10,000 - 10,600.
karenbcz22 1 year ago
@karenbcz22 Have you watched the video above?
"This is the update we've been looking to put out for a long time. For many months we've been looking for this bear market rally in stocks to top."
Best place to sell/short - seeing that now.
One more rally to new highs ...
Possible DOW 8100-8200 by the end of August ...
So in what way is this excellent analysis, or the market doing EXACTLY (your emphasis) as he has said?
turboeclipsenc 1 year ago
@turboeclipsenc i think "karenbcz22" is Harry commentating under a different screen name :)
Ellipsis10 1 year ago
@karenbcz22 umm...lets see, 10,5k is 100 points higher than 10.4k right? So, the market is HIGHER today (2 months 2 days later). The market is now closer to 10,6k from another extended ralley. Harry Dent "HD" said he was expecting a MAJOR pullback @ the end of Aug. We are now in mid Sept and the market is now almost 200 points higher than mid July. Weak economic data???? Come on everything that came out @ the end of Aug BEAT estimates!
ImpulseComments 1 year ago
I'm surprised that Harry hasn't uploaded a September Video since his short term predictions continue to be incorrect since early 2009
Ellipsis10 1 year ago
How can this harry dent guy live with himself if he constantly gives people inaccurate information ?
brendandylanmaloney 1 year ago 2
@brendandylanmaloney Because he's extremely accurate as a LONG RANGE forecaster. Everything has happened exactly the WAY he predicted just not WHEN he said it would.
For investors/traders who always think for themselves but consider all other opinions on the market, forecasters like Dent are endlessly valuable in making their own view of the economy more accurate.
He gave us the eyes to see stimulus rally's and deflation without being able to point to it's exact beginning. Good enough for me.
granolanutpunch 1 year ago
@granolanutpunch Actually no, his "advice" is no good for a trader. And yes, *exactly* the way he predicted - DOW 40k?? Please ...
And here's the thing - I don't disagree with any of his economical perspectives. But I've said it here plenty of times, the market is not the economy, the market is the market.
turboeclipsenc 1 year ago
@turboeclipsenc I'm not saying he's anywhere near 100%... Who is?
But he's got to have some skill to predict a massive impact from the baby boomers retiring happening this decade, way back in the 80's. He also predicted a stimulus led rally after the initial crash before anyone mentioned TARP. That was useful to a lot of traders.
If my weatherman calls for 2 feet of snow in Miami in July and it only snows 6 inches I'm going to be the only one saying, "Holy crap! he was right!"
granolanutpunch 1 year ago
@granolanutpunch Well considering he was calling Sept '09 a top (which he later revised to Dec-Jan, at the latest), I just don't think you can consider him a very reliable source (certainly not in this decade, at least). I stick to reading the charts - that's useful to me.
turboeclipsenc 1 year ago
@granolanutpunch DOW 40K.....yeah that really happened HAHAHAHA!
Ellipsis10 1 year ago
@granolanutpunch I know, its seems the timing is always the hardest to predict, especially with all of the wild metaphysical stuff I study.
brendandylanmaloney 1 year ago
I figure if I do the exact opposite of what Harry suggests, I'll do very well in the market. Although there is a lot of September left to go, The DOW is up over 400 points during the first three days. I wonder if Harry is following his own advice when it comes to investing. He keeps predicting a market crash then comes up with excuses as to why it didn't. He was wrong about DOW 40,000 and he is wrong about DOW 3,400. Why does he still sell so many books?
dsmith9054 1 year ago
It's September and still no crash! There won't because there is too much bearishness in the market. The latest survey from Investor's Intelligence, as of September 2, 2010 is 29.4% of investment advisors are bullish and 37.7% are bearish. There are more bears than bulls and 29.4% does not point to a crash.
tycomfck 1 year ago
I showed you that this was the bottom 5 days ago. The news has nothing to do with the long term direction of the market, it is only used to present opportunities for the smart money to accumulate or distribute. Why did the market rally on a bad existing home sales #, and then again on a bad new home sales #? It wouldn't matter what ISM looked like, the market would still be up today.
turboeclipsenc 1 year ago
@turboeclipsenc Good Call, the chart you linked to did not work for me so I am left holding my short position in the S & P. At least its an ETF so there is no time crunch to sell. Would you mind directing me you your source as it seems the guys I am looking at are still stuck in the second wave of 3 of 5b inverted, haha. You are spot on! information is not the driver. When everyone is yelling Fire its time to buy and when everyone is yelling DOW 11K its time to sell. Peas'
MrYatesj1 1 year ago
@MrYatesj1 Sorry re chart. YT won't let you link in comments and so I had to put spaces in between it before they would accept it. Re market bottom - was my own call, but also someone I study heavily had the same opinion. Search YT for SnP500Trader and you'll find him. If you like index & currency futures, Rob's your guy. I won't put his record here, but it's been a long, long time since he's had a loss. Consider this, tho - there is a reason 90% of retail traders fail. Who's on the other side?
turboeclipsenc 1 year ago
@turboeclipsenc Cool, thanks for the info. I watched his last posting looks like he is in the game second by second everyday. I am a lazy trader as I try to follow basic trend and jump in and out of ETF's of S&P and Naz shorts and longs. I am underwater on my short but I am sure we will see S&P 1071 sometime soon then I am even. Thanks again for the info. Talk with ya soon.
MrYatesj1 1 year ago
@MrYatesj1 True. Rob trades 8am-noon, so yeah, intraday trading. Probably average trade duration of 20 seconds - 5 minutes. Not really for the passive investor.
turboeclipsenc 1 year ago
I am so glad to hear that as long as China's # are good it will effect America in such a positive fashion. With that kind of info I will simply buy American stocks and go long, we cant fail with China driving our broken economy.
Never mind the the Gov is propping up the collapsing housing market, or that unemployment is 9.5% across the country. No need to worry about a falling dollar and the disappearing squeeze of the American middle class. China is doing well so we are GREAT! Buy Buy Buy!!
MrYatesj1 1 year ago
2 weeks away form mid Sept. and the DOW is far from 8,200, and it's further away from 6,440 (although 6,440 is by Dec. at the latest).The 3,400 by the end of the year will occur very fast it it takes the Dow until Dec. to get to 6,440. Of course, Mr.Dent says it's POSSIBLE and it's LIKELY this will happen.It also MIGHT NOT be so extreme.So it can happen, or maybe not.He can always be back on youtube and say the newsletter subscribers got a different and right on time advice to avoid losing money
tubmonet 1 year ago
by the way...your end of August "Dow 8000" prediction is 2000 points off
Ellipsis10 1 year ago
Doesn't sound as if Harry is too optimistic that the wonderful government "stimulus" will solve the multi trillion dollar problems. Now if Jim Cramer is telling us to buy, that will confirm the bearish comments....boo yah, skee daddies
ITILII 1 year ago
Hey Harry, were you surprised that the Revised 2nd qtr Gdp figure was 1.6% instead of 1-1.5% as written per your Revisions Are The Thing article on your website?
Ellipsis10 1 year ago
This has been flagged as spam show
Also, one last thing to consider ... with the chart I mentioned in the first message, there is a support line that runs in around the 1037 level. If you do a 3 point fib extension level from the 8/5 high to 8/15 low, then up to the 8/17 high, guess where the 100% extension is projected to? 1037. Coincidence? Guess we'll see ...
turboeclipsenc 1 year ago
This has been flagged as spam show
Also, one last thing to consider ... with the chart I mentioned in the first message, there is a support line that runs in around the 1037 level. If you do a 3 point fib extension level from the 8/5 high to 8/15 low, then up to the 8/17 high, guess where the 100% extension is projected to? 1037 even. Coincidence? Guess we'll see ...
turboeclipsenc 1 year ago
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turboeclipsenc 1 year ago
Harry I have been listening to Robin Griffiths on King World News and now have a new understanding of your point of view. The key in this whole thing is to follow trends. If the market is going up in a wave 1cycle then get in the game. As things trend down, short the market. Nothing is all down all the time so your warnings are empty as the time frame is out of place I am shorting through Sept and half of Oct then going long through Feb. Hindenburg Omens Harry?
MrYatesj1 1 year ago 5
@MrYatesj1 Daily ES suggests possible support here - img835.imageshack.us /img835/6746/827esdaily .png (will have to put that together, I'm afraid). Coincidence we sold off one tick away from that late May low? Also we are responding in the same fashion of previous breaks of May 6th low on all the times we rebounded straight away (strong green reversal bar with a red down bar the next day to test supply before heading higher). Want to see break of falling wedge, but something to watch.
turboeclipsenc 1 year ago
@MrYatesj1 BTW since you're a King World News guy, look up the interview with Andrew Maguire. You mentioned something here about trading metals - you'll want to hear that interview. Google "andrew maguire king world news" and you'll find it. Metals (especially silver) can be a dangerous place to be ...
turboeclipsenc 1 year ago
@MrYatesj1 lol u dumbass have fun with ur shorts of September? U cant fuckin short based on the month retart...look at the chart.
bakabusu4 1 year ago
Unfunded liabilities not included in his commentary also include defined benefit pension programs in the public sector. Currently lucrative; but systemically unsustainable.
go4gopher 1 year ago
Dear Sheep - please stop trying to get rich quick. Do not let this shyster take adavantage of you any further. When he is wrong (always) he simply changes his prediction so he is always right. (look it up back to 2004) He is the bully in the schoolyard who steals your hat and then puts it behind his back,. When you pick the hand its behind he simply switches it to the ther other one, and you fall for it every time.
retroballer1971 1 year ago
@retroballer1971 I don't disagree that Dent's game is not on point, but are you saying you think the economy is growing? Double dip talk is a 50/50 now and with all the printing of the Dollar it's worth is not on solid ground. We have not seen the lows of this current Bear cycle as America is fully in debt. Before all is said and done the whole system will need to be douched. Do you disagree with that? What are your views of the next year to 3?
MrYatesj1 1 year ago
@MrYatesj1 I don't disagree with anything you are saying. I think that a lot of the opinions offered by Mr. Dent and other very intelligent economic analysts are interesting but that is where it ends. None of this prognosticating can possibly be APPLIED as an investment strategy to help us protect or build wealth.
retroballer1971 1 year ago
I would have to disagree with this info being non applicable, as we are in a bear market cycle and have another 10 years before the baby boomers kids are spending serious money. Commodities, basic good stocks seems to be no brainers, while with all the referencing going on ( historically low rates) tells me to stay away for the banks. Understanding the cycle and being educated to what it means to the market is all we have. Now if you simply want to get rich, try the porn industry.
MrYatesj1 1 year ago
@MrYatesj1 With all due respect I think the impact of the boomers is a moving target. Because of the many scenarios that they may create, again, your logic is sound but just doesn't translate to us having a surefire investment strategy. It is a very small amount of them that actually control the largest portion of the wealth and I guarantee they will not be selling out of capital markets to buy groceries and pay rent, triggering a long term sell off trend.
retroballer1971 1 year ago
@retroballer1971 I have only been in the stock market for 10 years and if I believed in the old school mentality of buy+hold=retire I would be even after 10 years. My point is there are always ways to make money even in a Bear Trend. I am not a doom and gloomer but we have been, still are and will be in a Bear Market for at least another 3 to 5 years if not longer. It is a stock pickers market you cant bet on the entire market. Lots of movement from Gold to Bonds now to Silver. Stay Nimble
MrYatesj1 1 year ago
@athertg If you think the news is a good predictor of the markets, tell that to the people who bought wheat on August 5th, or oil at $140 when it *had* to go to $200, or sugar at $30 when there was going to be a "sugar shortage."
Or on the other side, talk to the very happy people who bought GS at as low as $47 when they were supposedly going to get taken over by the government (after which the stock rallied to $200), or BP, which was supposed to be bankrupt by quarter's end ($26 low, $40 now)
turboeclipsenc 1 year ago
Harry,
How long before the RE market turns around? (up)
karenbcz22 1 year ago
This has been flagged as spam show
Hi Harry,
Please give us an update.
Looks like the market is rolling over.
I'm ready to put my RE on the market, but my friends keep telling me "DON'T DO IT. Sell when the market is up, not down!"
????
karenbcz22 1 year ago
Hi Harry,
Please give us an update.
Looks like the market is rolling over.
I'm ready to put my RE on the market, but my friends keep telling me "DON'T DO IT. Sell when the market uip, not down!"
????
karenbcz22 1 year ago
Well as we see the market start to Dip, I wonder how many are back on the Harry Dent Train. I would also imagine some of you have also heard the Tony Robbins warning of a few days ago. Looks like at least for the short term we can see a nice pull back. Harry called it SH or PSQ to cash in on the up coming down swing. Check this out for more concise market calling.
kingworldnews Broadcast Entries/2010/8/14 Robin_Griffiths
MrYatesj1 1 year ago
The bad news keeps coming. Looks like Harry got it right.
athertg 1 year ago
Comment removed
turboeclipsenc 1 year ago
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turboeclipsenc 1 year ago
New gov't stimulus - $50K to UNemployed homeowners to help pay their mortgages.
When is this crap going to stop?
karenbcz22 1 year ago
@karenbcz22 That Sir is a GodDam good question. I feel like I am taking it up the Ass because I have a job, have money in the bank and did not over extend myself buying a house. To be frank I am getting sick and fuckin tired of hearing about how the stupidest and the laziest are better off than me simply because they are the stupidest and the laziest. WTF America!!??!!
MrYatesj1 1 year ago
@MrYatesj1 Is the market really going to drop to 8000 points within the next 9 business days?
Ellipsis10 1 year ago
@Ellipsis10, I would think NOT. Why are you asking me such a silly question? My comments 6 days ago plainly stated Harry's forecasts seem to be very out of reach, but the upside passed 10,600 might be a difficult one as well will the news coming out lately. My comments of a day or 2 ago were obviously out of frustration that DC is throwing money away faster than they can print it. At this point I am ready for football season, at least I understand that. Peas'
MrYatesj1 1 year ago
@MrYatesj1 It's unreal, In on late summer of 09 Harry explained that the would be 1 more Oil rally (btw $150-$180) that would bring down the entire market. He hasn't mention about it since.... the hits keep on coming for this bum
Ellipsis10 1 year ago
@Ellipsis10, hey I saw the TR clip on your You Tube Site. I have always liked TR and find this to be really interesting. I guess we will see. So let me ask you, do you think the market will fall 8000 point in the next few weeks?
MrYatesj1 1 year ago
@MrYatesj1 Sign up to Max Keiser channel; he has 3 shows a week on the world financial crisis. ...it's hard to say when the market will crash just because the Gov is doing everything to cover up the real numbers: The correct unemployment rate is not 9.5% The figure does not include part time jobs or people that ran out of unemployment benefits. It's more like 17-20%. The CPI Inflation rate does not include increase for food and commodities prices. The Auto industry has not recovered...
Ellipsis10 1 year ago
@MrYatesj1 ...all they did was clear the losses with bailout money and Magically show profits. Peter Schiff said it best, "the only thing that politicians want is to get re elected" All they keep doing lying to us; "It's a job-less recovery" what a joke! The Banks took over this country; Moody (owned by Warren Buffet) gave triple A ratings to junk bonds which were sold to Greece and we saw what happen. Lies Lies...
Ellipsis10 1 year ago
@Ellipsis10, not sure if I would call this a world financial crisis, China is in great shape along with a hand full of other countries. I wonder if the US can bring down the world, its not like were are helping much right now. If/when it gets worse I don't see the new leaders in the world crumbling. Hey I tried to watch the Max show but I am missing a thing called credibility, who is this guy?. We have the money on main street to turn the ship, but are to scared to use it.
MrYatesj1 1 year ago
@MrYatesj1 Credibility? he was a stock-broker on Wall Street for 20 years. Now he's a broadcaster and journalist. He usually has interesting guests on the show: Investors, Journalist, Economists and banking Regulator such as William K. Black (that was a good interview)
Ellipsis10 1 year ago
@Ellipsis10 I have to be honest I find the Tony Robbins warning more interesting than Max. I feel Max is over blowing his point, just as the TV news is under examining the situation. Ultimately I feel the truth is somewhere in the middle but the fact remains America's financial house of cards could be headed for a fall. Cash is king but gold, silver and reverse ETF's and commodities can make us little guys rich in the next 4 to 5 years. Good Luck
MrYatesj1 1 year ago
Instead of growing at a 2.4% annualized pace in the second quarter, real gross domestic product will likely be cut almost in half to a 1.3% annual rate, according to economists surveyed by MarketWatch. You called it Harry although 1.3% is most likely higher than you thought that is half the number they gave us a week ago.
Hard to tell heads or tails of this situation when numbers are constantly adjusted. I'm not saying were going to 8200 or 3600 but the up side from 10.600 might be limited.
MrYatesj1 1 year ago
I am so AFRAID to sell my real estate. I KNOW I should've sold 4 yrs. ago.
Now, I'm afraid we're close to the bottom.
Once it's gone .... it's gone.
:>(
karenbcz22 1 year ago
@karen - But in a deflationary collapse the price could go into freefall, & stay at rock bottom for years. I don`t think we`re anywhere near a bottom in property unless you`re somewhere like Detroit, Rochester, Syracuse, etc., where it`s hard to see things can get any worse.
All the economic fundementals are unbelievably bad & I think we`re in the calm before the storm here courtesy of the Govs. bankrupting themselves, which can`t go on.
Gotta have a little courage girl, cautious risks
kcirdrab 1 year ago
@karenbcz22 why do you feel pressure to sell at all? Unless your 80 years old just hold on, unless you have beach front in San Diego you would like to sell me on the cheap. The sky has already fallen, don't panic now.
MrYatesj1 1 year ago
How can the stock market drop to the levels that Mr.Dent professes, when The Fed is already talking about quantitative easing once again? The government will try to hold the market up no matter what.
tubmonet 1 year ago
Christina Romer, key economic adviser to President Obama. She will clean up her locker. To leave the economic team. She probably realized that Obama's econonic recovery plans are not working.
popcur 1 year ago
SPY is up about 4% since this video - better luck next time Harry
izumiku64 1 year ago
@izumiku64 To Izumiku: You weren't paying attention! Mr Dent said another rally up to around 10,600, and then a reversal. We are there NOW. The reversal is coming!!
karenbcz22 1 year ago
@karenbcz22
izumiku64 1 year ago
Comment removed
izumiku64 1 year ago
This has been flagged as spam show
One of the more disingenuous frauds the citizens of the United States are being subjected to these days is coming out of the US Mint. For over 2 years the Mint has been illegally rationing gold and silver American Eagles and now the Director of the U.S. Mint, Edmond Moy, is finally on the hot seat.
"A congressional subcommittee has been asked to investigate the growing backlog in and foreign procurement of U.S. bullion and collectors' precious metals coin blanks manufactured by the U.S. Mint."
reginald58 1 year ago
Dent's claims&advice are dangerous.Warren Buffett,Peter Lynch,Nick Murray,etc-none of them claim that they know what the markets will do & when; and they’ve actually done something. All this guy does is make outrageous claims & writes a ridiculous book about it to make money off of his followers. What happened to his 44,000 Dow he predicted twice!?! Why did AIM get rid of him after his amazing predicting skills underperformed the market 11%. Dont get dragged into his theories & prognostication.
nmatell 1 year ago
I think the most important thing to remember is that the market isn't the economy, the market is the market. And with all the double dip doomsday naysayers out there panicking the retail traders out of their shares, the smart money's been only too happy to buy it up on the cheap. As they pull the floating supply out of the market, only way to go is up. They're still buying on the bad news (pending home sales marked the LOW of the session today), so this thing's still got room to the up-side.
turboeclipsenc 1 year ago
@turboeclipsenc you are so right, the market "at times"moves independently of the economy but in the long run the economy does drive the market. Technically not sure of the up side at this point bro so watch yourself at this point. I am not sure we see 11K here. Clue me in to your thinking here.
MrYatesj1 1 year ago
@MrYatesj1 The market works on supply & demand, which is created by institutional firms. If they buy up the floating supply (which they've been doing on all this bad news), the market will still go up because they've shaken out all the sellers. Did it on black Monday, after 9/11, with GS stock in 2008, etc. I day trade the ES though, so either way is fine with me.
turboeclipsenc 1 year ago
@MrYatesj1 Also I study VSA (based on Wyckoff) - YT wouldn't let me post a link but if you go to Google and search "wyckoff spring market to new highs" and click the link for the MoneyShow article, you'll see the interpretation of the market that I subscribe to.
turboeclipsenc 1 year ago
@turboeclipsenc very interesting, thanks for the info.
MrYatesj1 1 year ago
The problem here is Harry has to much common sense. He sees we are spending borrowed money and realizes that does not equal a growing economy. He sees the dollar on an 8 week decline. He knows the Fed needs to tighten belts to support the $ instead it loosens to avoid the pain of reestablishing our economy. It is really confusing to see the market continue upward while knowing some of these other factors. The longer we prop up this myth the further we will fall.
MrYatesj1 1 year ago
Mr. Dent is no short term market timer and maybe not a long term timer either. Dow up over 200 today and the month of August was supposed to be the big decline. This market has a way to go before it really corrects!
tycomfck 1 year ago
@tycomfck - A number of the passengers on the deck of R.M.S. Titanic were seen having a booze fuelled "happy hour" right up to the moment she went down.
This might be a metaphor for what`s going on now in the Square Mile & the Street, which have become little more than parasites on the Western World`s economy.
kcirdrab 1 year ago 5
Lord have mercy! The damn DOW is up 220 pts. today. Geezus! This high-frequency trading stuff is insane! When is this BS gonna stop? When is the gov't gonna stop this crap!!??
karenbcz22 1 year ago
This guy has been very bad track record so far since 2009
yoonbrando 1 year ago
my leading indicators tell me harry that you are a tosser!!! ever since you anounced to short the market, we've been bullish. id say do oppisite to harry n you'll prosper!
rollypolly000 1 year ago