Hes saying the dollar is going stay strong? Whos going to pay trillions of dollar off. If we go banktrupy, guess what ww3 will happen. Its like the mob, if you dont pay your debt they break your legs.he say gold and silver is bubble. Gold and silver move with oil prices, What happens if we bomb iran. Oil will be $300 barrel and world destroy the dollar. Harry just a typical salesman trying to get rich on bad times
Dow up to 12000. Up 20% since July when Harry said to short the market. He can always fall back on his "other" prediction from 3 years ago that the Dow would go to 25000 in 2011. A broken clock is correct more often than this sap. Harry you are a fear pornographer.
I now believe Harry is wrong, and now side with the inflation folks. The Fed has made it clear that they will not allow deflation to occur. Why? First, they can inflate their way out of debt. Second, they have the ability to print money to make inflation happen. The rub is that deflation can be controlled, inflation cannot be controlled. Healthy inflation runs at 3.5%. When it climbs above that, its like a grease fire.
This whore needs to explain what is going to thwart the Fed's monetary expansion IF his deflationary depression scenario is going to occur. I don't care what view he has, I just want to see some consistency in his logic. Will real interest rates rise and will the bond vigilantes regain their mojo. If so, say so. DON'T say "Oh, Gee, the Fed surprised me with the magnitude of their easing!" Say what will prevent this from occuring in the future so that his forecast will be valid!!!
when the total GDP of the world ,,(every economy ) is 80trillion ,,yes america's debt is equal to what the entire worlds production for 1 yr,,,think about that
this is what i believe,, he is right,,, but i pray he is not right ,, if this comes true there will be 40million americans with no jobs,, no system to even help them ,,no food,, the social fabric will be in ruin,,even if a person buys silver and gold it will not help cause the food will become so over priced that no one will be able to substain any kind of a lifestyle,, the aveage american (me being one) doesnt want to belive that america has run up78trillions dollars in TOTAL DEBT continued
Its easy to feel angry at someone like this. I understand it is his/anyones right to state their opinion.and if fools buy into it,its their own fault.
But,what I hate most is that eventually the market will take a steep dive and people like Dent will be there to say "see,I told you so" and they will claim victory,and they will send out mass emails asking people to buy their wisdom and brilliant insights.
What a scum this guy is. Using big words and saying it with confidence doesn't make it right and it certainly doesn't allow any of your followers to properly time market turns which is EXACTLY waht you are selling. No one gives a hoot if you explain away why every prediction you make is wrong. Whatever the reason is, its not accurate and anyone silly enough to attempt to capitalize on your predictions has most certainly met financial ruin by now.
@polarbeach I have to be the counter point here as I think the entire market has lost credibility. I am not so sure that Harry is not just another outsider trying to figure out what is going on. And to that point I think we agree he is not the one to listen to when making decision about finances.
I can only speak for myself but this whole thing is a COMPLETE Boar! Will the market crash, Bubble Blowing Ben is killing the dollar, The world is coming to an end, My Pussy hurts. What a waste of energy to be all wrapped up in shit you cant change. Harry I can tell by the posts on your last video I am not the only one who is tired of this bullshit. What is the point in getting all tight over someone else's game. Short the market, go long... risk $20K to make $1000, why not go on vacation?
@MrYatesj1 LMAO. I couldnt agree more. I am sick of worrying about this crap. Plus, I think the average Joe is still on the sidelines, I know I am. Has to be frustrating for the hedge fund managers that they can no longer suck us in with a bullshit rally. The narrative they come up with anymore is laughable. F U Wall Street.
@EMPIRE0FLIES Shut the fuck up you fear monger. Don't tell people what to do or think, who the hell are you to tell any of us what is going to happen short term or long term in the market.
@EMPIRE0FLIES Well stated sir, hahah. Ok I admit there was no need for me to reply to your idiotic statement with such nastiness, I should have just ignored it like everyone else. At least I kept a viable sentence structure intact. The sky is falling hey everyone I am so guy on you tube listen to me the sky is falling!!
@MrYatesj1 First of all. All real investors are leaving the market or have already left. The Fed is pumping funny money into the system to prop up the market for the past 2 years. The big four receiving their bailouts at a fraction and buying bonds at 3%. Which illudes to my carry trade comment. Its a big ponzi. Where have you been? Under a rock?
@EMPIRE0FLIES I don't completely disagree with your statement about the Fed propping things up but I do not believe a total collapse of he market will happen. The tech bubble, the housing bubble and fall of the market and now the HFT scam, why you you think it will all fail some day soon. One bubble will replace the last bubble and corrections happen, does not mean the world will end. The dollar is up the dollar goes down guess what, historically speaking it will rise again.
I've read several of Harry's books and for a lengthy period, I considered Harry's arguments extremely convincing. Indeed, several of my investment decisions were based on his predictions.
However, I also read the free MarketOracle.co.uk newsletter, which too paints a very convincing picture of the future. Indeed, after 3 years of reading, the author Nadeem Walayat, has proven to be accurate more times than I can remember. As a result, I no longer rely on any of Harry Dent's 'forecasts'.
On his last update I put a comment on the video that markets will top out in March of 2011... it seems like he has taken my turn date: -) ...which I derive from trading the Elliott Wave Principle. But unlike the many self proclaimed gurus out there, we have been nailing every major move and turn in the market. Anyways, I think Dent will finally get it right this time.
@tradeyourwayout david. its funny you show up here. I had been following your posts for some time, trying to sort out this mess. Dent supposedly uses wave theory in his analysis, yet unlike you he has failed to get anything right. you have been right about this rally. it is amusing that Harry through March out there. You have been saying for sometime now, that is where a pullback will occur. i will take my chances with you going forward. I am done with Harry.
Why is this guy suprised about QE II. Did'nt QE I happen before his july update. Stay long on natural gas, UNG or futures and options. Be out by mid-jan., at the latest.
Im July I dumped my commodity positions and shorted the market based on Harry's call. For the next 3 months i watched my former commodity positions boom higher and my short postions take a big hit. I can't believe I actually paid for this brilliant advice. Harry has now calling for a crash between early 2011 and late 2012. The only thing that will crash is the dollar. Its inflation not deflation moron
I think Harry should not time things since he obviouly can't but I do appretiate his theory which may or may not be right, but timing things...please.
I too followed his advise...and got out in july 09 and then I was going to put my huge short on May 2010, but Harry came out and said "dont sell yet", market will continue to climb..so i did not short anything. Then we had the mini colapse and I missed the short. The market keeps you humble. Heck it even keeps W Buffett humble, when he says hei doesn't know when market bottoms or tops. He himself warned about pundits that pretend to know. Warren Buffet is the man. not J. Cramer, not HDent etc.
The only thing anyone can say for sure is that sooner or later there will be a stock market correction. As for predicting when it will occur, it reminds me of words of wisdom I heard at an investment seminar 4 years ago namely: there are those people who don't know what's going to happen, and those who don't know that they don't know what's going to happen.
Watch Harry's July update. Then watch this one. You be the judge. I read his book. I followed his advice and got creamed. Don't let this happen to you. This guy is a fear pornographer. He is selling fear like the other clowns (Prechter, Schiff, etc.). Even a broken clock is right twice a day. Years from now he will be telling everyone how right he was. WATCH THE JULY VIDEO AND JUDGE FOR YOURSELF.
@harizal5 What Fear is Schiff selling?? and guess what, unlike this clown, he has credibility! Have you watched his youtube video on predicting the RE crash back in 2006?? Have you watched his updates for the past 2 years urging people to buy silver and gold?? Silver was $9 dollar last year, now it's close to $27! Gold keeps on hitting record highs!
@harizal5 i watched the July video. and there was another one before warning of a certain collapse to the markets in August that would likely take the market to new lows. then, this November video (remember, he predicted dwo 30,000 at teh top of the market back in late 90s, now a great depression). So, another about face for this huckster
I too have lost 100K+ believing his BS PR...there should be laws preventing someone like him from masquerading as an advisor, when his "expertise" and "research" influences so many people to lose their shirts. He should be fined.
Luckily I've hedged many of his buy signals with covered calls, recovering some money monthly. But his overall timing is beyond inept, and he should be forced to stick to macro demographic theory, not market timing advice.
Interest rates are creeping up, that is what he said in the book would happen or could happen if markets started penalizing FED for all the easing... nothing hits stocks or commodities or carrying costs more than rising rates. AGG other bond funds have rolled over, 10yr way up nearing 3%, 30yr 4.4%, despite all the buying. so my point is that while in general his info is very good overall, sometimes the timing is off, but the rates are rising and if they spike higher ala crisis, time to buy!
I have listened to this guy since buying his book and gotten his udate and all it has done is cost me hundred of thousands of dollars. I almost believe that doing the opposite is really the game plan. the fact that this guy is emailing subscribers and telling them to flat out get out at certain times and go short, and then being completely wrong is almost criminal. While his theory makes sense. He has NO business timing recommendations like he has. Again, he has cost me at least $400k.
Hey, this man is not sure of what he is saying, his demographics model seems to be mis-leading, we all know that world population is increasing year on year, thanks to Asia & India specially, we are today in a globalized market therefore whole world is one market atleast 80% of major econmically strong countries, therefore as long as world population keeps increasing the overall consumption will be on the rise therefore growth, Harry you need an early retirement!!.
I listened to Harry Dent and followed his advice over the last ten years. Because of his advice, I was not caught in the housing bubble and the economic mess. He just can't predict crazy human behavior - no one can, like 911 or the derivative mess. Because of his advice- I saved hundreds of thousands and my credit, etc
So I don't care about short term stuff - I think he would have been right had 911 not happened.
In agreement with ImpulseComments... there is just something not quite right with this guy. I mean his videos are fairly slap-dash quality, his clothes are cheap, he never gives me confidence in just looking at him, his internet site is clunky and barely professional, and he gives away a lot of info for free ... im a firm believer that u get wat u pay for... wat is his motivation for doing this? does he just make cash off subscriptions and books? if so u should be worried bout his credibility
Is anyone seriously listening to this guy. It might be his 1980's tie, the polyester suit, or the power plant over his left shoulder. I just can't put my finger on it...oh wait, it was the fact that his last video says to cash out EVERYTHING and be 100% cash because the market was going to absolutely collapse. NOW he says we all have an opportunity to jump back in. Oh, by the way you can get his FREE newsletter to learn more about my coin flip predictions...No thanks Harry!
@wreelp Well I'm certain you followed his advice and got out of the market in July and missed this last run up. I'll take being an idiot, it beats being poor following this guys advice.
He's another doom and gloomer. But instead of predicting rampant deflation he's been telling us all about the coming coming wave of Inflation. That might be the only thing Dent has gotten right on this down turn... We aren't going to see Inflation regardless of the dollars Ben is dumping on the world. It will cause commodities like oil to rise, like they are doing, but in this economy the American consumer finally breaks and curbs his consumption keeping inflation in check.
@PaulP1963 I disagree with you; i don't think Schiff is a doom and gloomer. He just tells you the way it is. Have you ever seen his speech predicting the Real Estate Crash in 2006 on youtube? you should watch, it's really good. I think Peter makes a lot of good points such as high College tuitions are caused by low interest payments for student loans. Also, he does not try to time the market like Genius Dent over here. Schiff sales commodities and they have been going up for the past 8 years.
Hey thanks for telling everyone "to get back into the market" two months and after more then a 17 percent upward move since Bernanke's QE2 speech in early September. Harry Dent should come with this warning label: 'Listening to Harry Dent is dangerous to your financial health." I called this guy a bozo in 1996 and he still is one. He's made a living being the epitome of a blind squirrel finding the occasional nut.
@danielmdreifus Truer words have not been spoken brother, I agree the markets are false the economy is shaky but the direction for a real people is hazy. Thanks for the input.
I wasn't talking about the default which might or might not happen depending on when they make the changes, but I was speaking of the end of the Fed probably by January of 2011. The pressure is on and they are bankrupt. The did it to useand themselves as well...:o)
@Robin18us The end of the FED!!, WOW man that would be a game changer. It would cause pain but the US could get healthy again. As long as the FED controls our money flow we are sick like a junky on the streets.
@Robin18us - If you mean for a Big Default event to occur that we`re all looking for, what makes you say its going to happen in January 2011, more than December 2010, or May 2012?
He is the worse forecaster ever! His book was a waste of money and I should have never listened to him. This is what I know from experience, everything he says, you should just go opposite of it.. He is now saying the market is gonna go much higher which is why I think it will probably go down. No one can predict the market, no charts and no cycles, it does what it wants to do and deceives many. All I know is just do opposite of what this guys does.
Harry uses the collective "we" to spread the blame around his office.
His previous advice did not include the possibility that QE would happen, thus obliterating his forecast. Since his earlier forecasts failed he has become a trend follower.
@hewjet true, i didn't foresee the QE2 as a last ditch effort, but then im not an economist, looking at it now, it was a pretty obvious scenario for the Fed to pull at this time, all other avenues having been taken
He's been pretty good on the big long predictions. That said, cycle timing is not a short or even medium-term tool. He makes that mistake too often because he can't just sell a book every ten years and make a living. Using Dent's predictions for short term trades instead of long-term asset allocation is like using a grenade to hunt deer. You are going to have to get used to small meat chunk with a lot of dirt mixed in it.
Is this guy for real? With consistent bad calls I can't believe he's got the nerves to be back up here. I've been followig his books since 1998 and he wrong wrong wrong. Do the opposite of what Harry says. In the very short term, the dollar will rise and the stock market will correct as well as commodities.
Hi Harry. Thanks for the report that you give away at the end of the video. I enjoyed reading it and like the analysis.
I am only confused if we should now expect inflation or deflation according your analysis. On page 3 you refer to a sudden drop in the dollar and higher food and gas prices because of QE. In your conclusion on page 7 you predict a decade of deflation. Will we have first a few years of inflation and then deflation or do you expect that we never get any inflation? Please explain
I don't understand that Harry is still making predictions on when the market is topping or going to fall and how high or low it is going to be.
NOBODY can predict the future. The best you can do is using Trend Investing to recognize in what phase the market is and if you should buy or sell.
I like Harry's demographic analysis and believes it is crucial to understand the factors that play an important role (e.g. demographics and lack of demand). But this cannot be used to time the market.
After Harry's last video predicting the Dow would crash before the end of the year, I posted that it would be a great time to get into the market because, if Harry says it is going to crash, it will surely go up. It turns out I was right. Now that Harry is saying there is going to be a rally, everyone had better get out of the market and stuff their money in their mattresses. How can one person be so consistently wrong and still manage to sell so many books?
I know about this guys demographic thinking. But where does he get short term ideas from? It seems that he is 100% mirroring the views of Robert Prechter at Elliott Wave International. Anyone with more insight?
@123axel123 short term most things I have seen is a forth wave down (small correction maybe 1185 S&P) and a fifth wave to new highs say 3100 S&P. By March many people are saying the next leg down is imminent 1040 or lower on S&P. I have heard one short term call for a melt up from here to 2800 or so. Logically I have thought the market needs a new low as Ben's printed money is killing the dollar, but the injection of a trillion is a nice propping mechanism. What have you heard?
Sadly, Harry and those of his ilk, make their income by selling either boom or bust stories. They need to create a desire for us all to constantly stay with them...thats where they derive their income.
You'd have to be Blind Freddy not to realise that all this money flow is going to create HUGE problems for the US....but at the same time, lets remember that IF it is managed well, a lower currency will lead to stronger exports.
However,its the underlying DEBT that has to be addressed.
Anyone that looks to HSDent for daily trading advice is going to get into a mess. Their firm is awesome at the big picture predictions but not so good on the short term. His call in July was right on except it ignored one important factor, The US FED. Big Ben has been dumping cash into the market since mid-summer causing the dollar to fall and in turn the stock market to climb. Market fundamentals don't play out when blatant manipulation is at play. In the end fundamentals will win out.
It's sad that he says the same thing over and over again. If he was really good, he would predict up AND down markets. All of his previous videos call for a crash and when he is wrong, he just extends the deadline. Guess what? He will EVENTUALLY be right one day...to bad it will be at the expense of everyone who listens to him.
Just upselling himself for another "Best-Selling" Book..."The Next Great Bubble" Harry is really hedging himself this time...from early 2011 to late 2012...that's a 2 year gap! Anyone can call a decline within 2 years. People...Just do the opposite as to what this guy has to say!
@marcus3624 some forget that he's they guy who predicted dow 36,000 by 2009. He is though without a doubt the best when it comes to baby boomer data and spending predictions.
commodity market makers setting the prices, not Inflation. They are selling the news. and the new is Inflation. Main Stream media pushing inflation hoax to the max. Follow the herd and watch what happens. That's all I can say.
What is this QEII you speak of Harry? Where did you get such insider information? Don't you fear for your life now that you let the cat out of the bag?
C'on Man!! Your followers are sharper than you think Harry maybe we should question why we listen to you?
@Ellipsis10 Hey thanks for the heads up, that is pretty interesting. It seems like common sense really. I am surprised more don't realize the Fed as well as our Gov system does not care about the people of this country. Ever sense Bush stole his first election and no one stood up to question I have simply been planning my escape from this shell of a country.
Quote of the day: 0:10 "the government has come up with a stronger new policy which they call quantitative easing"
Ummm,...that idea of Quantative Easing isn't something they just came up with. You imply their actions were unexpected, but QE has been practiced in Japan and (now) USA for many years.
Harry did not miss anything. There is no inflation. Money is contracting beyond the Feds control. They cannot control the contraction. Deflation is taking over and the Fed is scared shitless. Idiots like Glen Beck scare people about inflation, but fair to realize there is no real inflation. Commodity market makers are manipulating food up, but this is price gauging, not inflation. Soon the stock market will crash and take gold down with it.
@drkevincampbell - Ahmm, didn`t Dent say according to his faultless system of demographic waves theory he can exactly predict dates on economic events, & going by this the stocks would crash "at the latest" in July 2010 ... 5 months ago?
Or am I missing something??
Now he`s saying they`ll be a rally to new highs until 2011 or 2012?
Now he`s nailed his colors to the mast on that 1 the market will probably go thru the floor before the stroke of midnight for 2011 - lol
completely agree. I sld my shares in oct 09 as he was calling this 1st to 2nd quarters 2010. now he hedges with early 2011 to late 2012!!! did he not think that the Fed may just want to avert another crash? wasnt another round of QE obvious!! everyone in UK here seems to think it is , and I suppose at some point his prediction may come true. Meanwhile , how long do I wait staying out the market while it rallies up?!!
@kcirdrab No, he can't predict. I've given up on him. Sold my Real Estate in Wash DC based on his analysis, and the RE market in DC has gone UP 4% in the last 6 mos.
@kcirdrab Well yes!! According to WMAL radio it has. I heard this morning - up 4%.
7 of the 10 wealthiest counties in the USA are in the Wash DC area. FED Gov't workers are overpaid.
All the advisors I follow said RE was going to crash AGAIN. So I sold, but kept the house I live in.
My problem with Harry is the same with other prognosticators; I've missed two huge bull moves. I missed the one from July to November because I was looking for a crash, which was not forthcoming.
For all the grumbling about Dent in this upload - of which I`ve done my fair share - I don`t think he`s that far out in his macro-economic thoughts, but he`s been found out totally now on his claim that his demographic wave method enables him with accuracy to time economic events, hopefully he won`t be claiming that again.
If I were you I wouldn`t be that eager to rush back into stocks or property at the moment. See my post to 'Gershy7' below ; )
@kcirdrab Well yes!! According to WMAL radio it has. I heard this morning - up 4%.
7 of the 10 wealthiest counties in the USA are in the Wash DC area. FED Gov't workers are overpaid.
All the advisors I follow said RE was going to crash AGAIN. So I sold, but kept the house I live in.
My problem with Harry is the same with other prognosticators; I've missed two huge bull moves. I missed the one from July to November because I was looking for a crash, which was not forthcoming.
@drkevincampbell There is no INFLATION?? SUGAR, WHEAT, CORN, COTTON are all at record highs, GOLD is over $1400, SILVER is at $27 OIL is closing in on $90...Which country do you live in ??
I would have thought Dent was experienced enough to have foreseen the Fed would try QE2 & 3 & 4 etc, as at least a possibility in his broadcasts in 2009 & 10, instead of making a call for the Big Default to start in July 2010.
Bernanke`s obviously gonna keep going until being physically stopped, but I don`t know when that is, is it gonna be 3 months or 5 years?
Dent should have explained more as to why his 2010 collapse call for 2010 was wrong rather than skipping over it like this.
completely agree. I sld my shares in oct 09 as he was calling this 1st to 2nd quarters 2010. now he hedges with early 2011 to late 2012!!! did he not think that the Fed may just want to avert another crash? wasnt another round of QE obvious!! everyone in UK here seems to think it is , and I suppose at some point his prediction may come true. Meanwhile , how long do I wait staying out the market while it rallies up?!!
@Gershy7- Mmm., a puzzle isn`t it, but we`re seeing the most turbulent time in the Anglosphere`s economy in 80 years.
I agree with Dent that all the fundamentals are disastrous, but it`s a fool`s game calling a date for an event like this as there are too many unknowns, surprised he did it.
I`m outta shares totally too, key event of 2010 (unless something else's coming??) was the flash crash, which is a straw in the wind to me
Looking for return & safety? - Gold/Silver look pretty cool.
completely agree. I sld my shares in oct 09 as he was calling this 1st to 2nd quarters 2010. now he hedges with early 2011 to late 2012!!! did he not think that the Fed may just want to avert another crash? wasnt another round of QE obvious!! everyone in UK here seems to think it is , and I suppose at some point his prediction may come true. Meanwhile , how long do I wait staying out the market while it rallies up?!!
@kcirdrab agreed. If an analyst cant admit when hes wrong, or why he was wrong, it doesn't allow for much corrective feedback or adaption and improvement in his analysis going forward, which doesn't give much confidence to subscribers.
To all my viewers. Harry is spot on with his analysis of QE2. This government/Fed faux pas will prove damaging. No one should have missed the recent bull run, because technicals trump economics. Trade what you "see," not what you "think."
M. Dent is obviously under fire. His task is not easy. Dissonant voices can contribute to a sound debate, so long everyone remains constructive & honest.
Gold is part of the Feds final plan. I am not saying it is not a winner right now but who do you think owns all the gold, the same guys who are killing the dollar. It falls right into their plan, kill the green back, revert back to gold standard and TaDa they win again and still remain in a total power play. You can't escape the Fed. Think about it.
I can only say Harry and everyone else trying to figure this mess out has a tough game to play as it is so unpredictable. QEII is like a shot of speed or heroin, you can get unpredictable behavior until the drug wears off then comes the crash. The poor dollar looks like the beaten down hooker in this game, she is worthless and weak.
this is my comment from the March 2010 update: "Here's MY PREDICTION: HARRY will post an AUGUST VIDEO update saying that the rally has lasted longer then expected but our NEW technical indicators tell us that the market will crash in late OCTOBER, NOVERMBER, DECEMBER OR EVEN IN 2011"....THUMBS UP!!
@Ellipsis10 you cant really think that the economy is healthy and TARP and QEII just makes it worse. If you are long in this market brother you have done well but the harder they come, the harder they fall, YOU KNOW! If China says FU to America killing the dollar we are in for a world of hurt.
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Hes saying the dollar is going stay strong? Whos going to pay trillions of dollar off. If we go banktrupy, guess what ww3 will happen. Its like the mob, if you dont pay your debt they break your legs.he say gold and silver is bubble. Gold and silver move with oil prices, What happens if we bomb iran. Oil will be $300 barrel and world destroy the dollar. Harry just a typical salesman trying to get rich on bad times
torontobills 3 months ago
is that a cricket?
victorsasami 1 year ago
@victorsasami Yes haha Cricket cages in Beijing. Underground cricket fights we were told but we never saw any battles.
MrYatesj1 1 year ago
Shoot the way things are going Harry might be right Dow 20K right around the corner. Unbelievable!!
MrYatesj1 1 year ago
forget the bubble/melt down Harry ... how's the "Dow to hit 40,000" going? amazing!
destiny6666 1 year ago
Dow up to 12000. Up 20% since July when Harry said to short the market. He can always fall back on his "other" prediction from 3 years ago that the Dow would go to 25000 in 2011. A broken clock is correct more often than this sap. Harry you are a fear pornographer.
harizal5 1 year ago
I hear silver
skudlick 1 year ago
Harry always carrys a convincing argument, the bottom line is theres nothing wrong with being prepared weather harry is right or wrong.
Quantitative easing sounds like some kinda ass lube.
This wont hurt a bit honey just reach in the night stand and grab me the bottle of quantitative easing
sihansen932835 1 year ago
I now believe Harry is wrong, and now side with the inflation folks. The Fed has made it clear that they will not allow deflation to occur. Why? First, they can inflate their way out of debt. Second, they have the ability to print money to make inflation happen. The rub is that deflation can be controlled, inflation cannot be controlled. Healthy inflation runs at 3.5%. When it climbs above that, its like a grease fire.
harizal5 1 year ago
This whore needs to explain what is going to thwart the Fed's monetary expansion IF his deflationary depression scenario is going to occur. I don't care what view he has, I just want to see some consistency in his logic. Will real interest rates rise and will the bond vigilantes regain their mojo. If so, say so. DON'T say "Oh, Gee, the Fed surprised me with the magnitude of their easing!" Say what will prevent this from occuring in the future so that his forecast will be valid!!!
dvpdawg99 1 year ago
Chicken little has nothing on this guy. The crash is coming the crash is coming!
y2kdeuce2 1 year ago
when the total GDP of the world ,,(every economy ) is 80trillion ,,yes america's debt is equal to what the entire worlds production for 1 yr,,,think about that
lovebumper2121 1 year ago
this is what i believe,, he is right,,, but i pray he is not right ,, if this comes true there will be 40million americans with no jobs,, no system to even help them ,,no food,, the social fabric will be in ruin,,even if a person buys silver and gold it will not help cause the food will become so over priced that no one will be able to substain any kind of a lifestyle,, the aveage american (me being one) doesnt want to belive that america has run up78trillions dollars in TOTAL DEBT continued
lovebumper2121 1 year ago
Its easy to feel angry at someone like this. I understand it is his/anyones right to state their opinion.and if fools buy into it,its their own fault.
But,what I hate most is that eventually the market will take a steep dive and people like Dent will be there to say "see,I told you so" and they will claim victory,and they will send out mass emails asking people to buy their wisdom and brilliant insights.
mjvideos12 1 year ago
What a scum this guy is. Using big words and saying it with confidence doesn't make it right and it certainly doesn't allow any of your followers to properly time market turns which is EXACTLY waht you are selling. No one gives a hoot if you explain away why every prediction you make is wrong. Whatever the reason is, its not accurate and anyone silly enough to attempt to capitalize on your predictions has most certainly met financial ruin by now.
Dent is merely a Madoff of a different shade
retroballer1971 1 year ago
This guy is all over the place with his predictions. He was completely wrong with his last 2 updates.
brendandylanmaloney 1 year ago
Lost all credibility in my opinion and cost people a lot of money.
polarbeach 1 year ago
@polarbeach I have to be the counter point here as I think the entire market has lost credibility. I am not so sure that Harry is not just another outsider trying to figure out what is going on. And to that point I think we agree he is not the one to listen to when making decision about finances.
MrYatesj1 1 year ago
I can only speak for myself but this whole thing is a COMPLETE Boar! Will the market crash, Bubble Blowing Ben is killing the dollar, The world is coming to an end, My Pussy hurts. What a waste of energy to be all wrapped up in shit you cant change. Harry I can tell by the posts on your last video I am not the only one who is tired of this bullshit. What is the point in getting all tight over someone else's game. Short the market, go long... risk $20K to make $1000, why not go on vacation?
MrYatesj1 1 year ago
@MrYatesj1 LMAO. I couldnt agree more. I am sick of worrying about this crap. Plus, I think the average Joe is still on the sidelines, I know I am. Has to be frustrating for the hedge fund managers that they can no longer suck us in with a bullshit rally. The narrative they come up with anymore is laughable. F U Wall Street.
harizal5 1 year ago
The big banksters are carry traders. Dollar will collapse very soon. Get out now.
EMPIRE0FLIES 1 year ago
@EMPIRE0FLIES Shut the fuck up you fear monger. Don't tell people what to do or think, who the hell are you to tell any of us what is going to happen short term or long term in the market.
MrYatesj1 1 year ago
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@MrYatesj1 Who the hell are you to say otherwise. You want to name call? Piece of shit. Fuck off you ignorant bastard!
EMPIRE0FLIES 1 year ago
@MrYatesj1 Lets keep it going. You piece of shit stupid bastard. Enjoy hell damn coward! Oh and Fuck off!!!
EMPIRE0FLIES 1 year ago
@EMPIRE0FLIES Well stated sir, hahah. Ok I admit there was no need for me to reply to your idiotic statement with such nastiness, I should have just ignored it like everyone else. At least I kept a viable sentence structure intact. The sky is falling hey everyone I am so guy on you tube listen to me the sky is falling!!
MrYatesj1 1 year ago
@MrYatesj1 First of all. All real investors are leaving the market or have already left. The Fed is pumping funny money into the system to prop up the market for the past 2 years. The big four receiving their bailouts at a fraction and buying bonds at 3%. Which illudes to my carry trade comment. Its a big ponzi. Where have you been? Under a rock?
EMPIRE0FLIES 1 year ago
@EMPIRE0FLIES I don't completely disagree with your statement about the Fed propping things up but I do not believe a total collapse of he market will happen. The tech bubble, the housing bubble and fall of the market and now the HFT scam, why you you think it will all fail some day soon. One bubble will replace the last bubble and corrections happen, does not mean the world will end. The dollar is up the dollar goes down guess what, historically speaking it will rise again.
MrYatesj1 1 year ago
what a huckster!
brookandmolly 1 year ago
I've read several of Harry's books and for a lengthy period, I considered Harry's arguments extremely convincing. Indeed, several of my investment decisions were based on his predictions.
However, I also read the free MarketOracle.co.uk newsletter, which too paints a very convincing picture of the future. Indeed, after 3 years of reading, the author Nadeem Walayat, has proven to be accurate more times than I can remember. As a result, I no longer rely on any of Harry Dent's 'forecasts'.
plcrewe 1 year ago
On his last update I put a comment on the video that markets will top out in March of 2011... it seems like he has taken my turn date: -) ...which I derive from trading the Elliott Wave Principle. But unlike the many self proclaimed gurus out there, we have been nailing every major move and turn in the market. Anyways, I think Dent will finally get it right this time.
tradeyourwayout 1 year ago
@tradeyourwayout david. its funny you show up here. I had been following your posts for some time, trying to sort out this mess. Dent supposedly uses wave theory in his analysis, yet unlike you he has failed to get anything right. you have been right about this rally. it is amusing that Harry through March out there. You have been saying for sometime now, that is where a pullback will occur. i will take my chances with you going forward. I am done with Harry.
harizal5 1 year ago
Why is this guy suprised about QE II. Did'nt QE I happen before his july update. Stay long on natural gas, UNG or futures and options. Be out by mid-jan., at the latest.
trueOC 1 year ago
Im July I dumped my commodity positions and shorted the market based on Harry's call. For the next 3 months i watched my former commodity positions boom higher and my short postions take a big hit. I can't believe I actually paid for this brilliant advice. Harry has now calling for a crash between early 2011 and late 2012. The only thing that will crash is the dollar. Its inflation not deflation moron
ace439 1 year ago
I think Harry should not time things since he obviouly can't but I do appretiate his theory which may or may not be right, but timing things...please.
lozagon100 1 year ago 2
I too followed his advise...and got out in july 09 and then I was going to put my huge short on May 2010, but Harry came out and said "dont sell yet", market will continue to climb..so i did not short anything. Then we had the mini colapse and I missed the short. The market keeps you humble. Heck it even keeps W Buffett humble, when he says hei doesn't know when market bottoms or tops. He himself warned about pundits that pretend to know. Warren Buffet is the man. not J. Cramer, not HDent etc.
lozagon100 1 year ago
The only thing anyone can say for sure is that sooner or later there will be a stock market correction. As for predicting when it will occur, it reminds me of words of wisdom I heard at an investment seminar 4 years ago namely: there are those people who don't know what's going to happen, and those who don't know that they don't know what's going to happen.
Abitibidoug 1 year ago
Watch Harry's July update. Then watch this one. You be the judge. I read his book. I followed his advice and got creamed. Don't let this happen to you. This guy is a fear pornographer. He is selling fear like the other clowns (Prechter, Schiff, etc.). Even a broken clock is right twice a day. Years from now he will be telling everyone how right he was. WATCH THE JULY VIDEO AND JUDGE FOR YOURSELF.
harizal5 1 year ago
@harizal5 What Fear is Schiff selling?? and guess what, unlike this clown, he has credibility! Have you watched his youtube video on predicting the RE crash back in 2006?? Have you watched his updates for the past 2 years urging people to buy silver and gold?? Silver was $9 dollar last year, now it's close to $27! Gold keeps on hitting record highs!
Ellipsis10 1 year ago
@harizal5 i watched the July video. and there was another one before warning of a certain collapse to the markets in August that would likely take the market to new lows. then, this November video (remember, he predicted dwo 30,000 at teh top of the market back in late 90s, now a great depression). So, another about face for this huckster
brookandmolly 1 year ago
@brookandmolly ...and watch, ten years from now he will claim he right and write another book....
harizal5 1 year ago
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fritzmoca1 1 year ago
Harry's dart board needs calibrating.
I too have lost 100K+ believing his BS PR...there should be laws preventing someone like him from masquerading as an advisor, when his "expertise" and "research" influences so many people to lose their shirts. He should be fined.
Luckily I've hedged many of his buy signals with covered calls, recovering some money monthly. But his overall timing is beyond inept, and he should be forced to stick to macro demographic theory, not market timing advice.
fritzmoca1 1 year ago 2
Interest rates are creeping up, that is what he said in the book would happen or could happen if markets started penalizing FED for all the easing... nothing hits stocks or commodities or carrying costs more than rising rates. AGG other bond funds have rolled over, 10yr way up nearing 3%, 30yr 4.4%, despite all the buying. so my point is that while in general his info is very good overall, sometimes the timing is off, but the rates are rising and if they spike higher ala crisis, time to buy!
Beabaggage 1 year ago
@Beabaggage time to buy for massive deflationary depression to come, time to buy BONDS but not yet. not stocks.
Beabaggage 1 year ago
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Be wise and do not listen to a word this man is saying !
brendandylanmaloney 1 year ago
I have listened to this guy since buying his book and gotten his udate and all it has done is cost me hundred of thousands of dollars. I almost believe that doing the opposite is really the game plan. the fact that this guy is emailing subscribers and telling them to flat out get out at certain times and go short, and then being completely wrong is almost criminal. While his theory makes sense. He has NO business timing recommendations like he has. Again, he has cost me at least $400k.
laketeals 1 year ago 2
DEAR HARRY DENT, YOU SHOULD CUT YOUR LOSSES AND JUST SHUT UP AND GO AWAY.PEOPLE LOSE HARD EARNED MONEY LISTENING TO YOUR ADVICE.
mjvideos12 1 year ago
Hey, this man is not sure of what he is saying, his demographics model seems to be mis-leading, we all know that world population is increasing year on year, thanks to Asia & India specially, we are today in a globalized market therefore whole world is one market atleast 80% of major econmically strong countries, therefore as long as world population keeps increasing the overall consumption will be on the rise therefore growth, Harry you need an early retirement!!.
rnshah12 1 year ago
I listened to Harry Dent and followed his advice over the last ten years. Because of his advice, I was not caught in the housing bubble and the economic mess. He just can't predict crazy human behavior - no one can, like 911 or the derivative mess. Because of his advice- I saved hundreds of thousands and my credit, etc
So I don't care about short term stuff - I think he would have been right had 911 not happened.
RRESC 1 year ago
In agreement with ImpulseComments... there is just something not quite right with this guy. I mean his videos are fairly slap-dash quality, his clothes are cheap, he never gives me confidence in just looking at him, his internet site is clunky and barely professional, and he gives away a lot of info for free ... im a firm believer that u get wat u pay for... wat is his motivation for doing this? does he just make cash off subscriptions and books? if so u should be worried bout his credibility
kingtercel 1 year ago
Bring on the clowns
hewjet 1 year ago 2
HEY GUYS,NOW HARRY SAYS THE MARKET WILL GO UP.LAST NIGHT AT THE CHINESE PLACE MY FORTUNE COOKIE SAID THE MARKET WILL GO DOWN.
I HAVE MORE CONFIDENCE IN THE FORTUNE COOKIE.
mjvideos12 1 year ago 2
Is anyone seriously listening to this guy. It might be his 1980's tie, the polyester suit, or the power plant over his left shoulder. I just can't put my finger on it...oh wait, it was the fact that his last video says to cash out EVERYTHING and be 100% cash because the market was going to absolutely collapse. NOW he says we all have an opportunity to jump back in. Oh, by the way you can get his FREE newsletter to learn more about my coin flip predictions...No thanks Harry!
ImpulseComments 1 year ago
I still can't decide who is the bigger con artist: Dent or Schiff.
PaulP1963 1 year ago
@PaulP1963 I'm certain you're the bigger idiot.
wreelp 1 year ago
@wreelp i must be too, just for watching this video
kingtercel 1 year ago
@wreelp Well I'm certain you followed his advice and got out of the market in July and missed this last run up. I'll take being an idiot, it beats being poor following this guys advice.
PaulP1963 1 year ago
@PaulP1963 why is Schiff a con artist?
Ellipsis10 1 year ago
@Ellipsis10
He's another doom and gloomer. But instead of predicting rampant deflation he's been telling us all about the coming coming wave of Inflation. That might be the only thing Dent has gotten right on this down turn... We aren't going to see Inflation regardless of the dollars Ben is dumping on the world. It will cause commodities like oil to rise, like they are doing, but in this economy the American consumer finally breaks and curbs his consumption keeping inflation in check.
PaulP1963 1 year ago
@PaulP1963 I disagree with you; i don't think Schiff is a doom and gloomer. He just tells you the way it is. Have you ever seen his speech predicting the Real Estate Crash in 2006 on youtube? you should watch, it's really good. I think Peter makes a lot of good points such as high College tuitions are caused by low interest payments for student loans. Also, he does not try to time the market like Genius Dent over here. Schiff sales commodities and they have been going up for the past 8 years.
Ellipsis10 1 year ago
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PaulP1963 1 year ago
Hey thanks for telling everyone "to get back into the market" two months and after more then a 17 percent upward move since Bernanke's QE2 speech in early September. Harry Dent should come with this warning label: 'Listening to Harry Dent is dangerous to your financial health." I called this guy a bozo in 1996 and he still is one. He's made a living being the epitome of a blind squirrel finding the occasional nut.
PaulP1963 1 year ago 2
@danielmdreifus Truer words have not been spoken brother, I agree the markets are false the economy is shaky but the direction for a real people is hazy. Thanks for the input.
MrYatesj1 1 year ago
I wasn't talking about the default which might or might not happen depending on when they make the changes, but I was speaking of the end of the Fed probably by January of 2011. The pressure is on and they are bankrupt. The did it to useand themselves as well...:o)
Robin18us 1 year ago
@Robin18us The end of the FED!!, WOW man that would be a game changer. It would cause pain but the US could get healthy again. As long as the FED controls our money flow we are sick like a junky on the streets.
MrYatesj1 1 year ago
kcirdab The answer I have is very soon...probably in January.
Robin18us 1 year ago
@Robin18us - If you mean for a Big Default event to occur that we`re all looking for, what makes you say its going to happen in January 2011, more than December 2010, or May 2012?
kcirdrab 1 year ago
He is the worse forecaster ever! His book was a waste of money and I should have never listened to him. This is what I know from experience, everything he says, you should just go opposite of it.. He is now saying the market is gonna go much higher which is why I think it will probably go down. No one can predict the market, no charts and no cycles, it does what it wants to do and deceives many. All I know is just do opposite of what this guys does.
Famez786 1 year ago
Harry uses the collective "we" to spread the blame around his office.
His previous advice did not include the possibility that QE would happen, thus obliterating his forecast. Since his earlier forecasts failed he has become a trend follower.
hewjet 1 year ago 5
@hewjet true, i didn't foresee the QE2 as a last ditch effort, but then im not an economist, looking at it now, it was a pretty obvious scenario for the Fed to pull at this time, all other avenues having been taken
kingtercel 1 year ago
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rbarnesy 1 year ago
He's been pretty good on the big long predictions. That said, cycle timing is not a short or even medium-term tool. He makes that mistake too often because he can't just sell a book every ten years and make a living. Using Dent's predictions for short term trades instead of long-term asset allocation is like using a grenade to hunt deer. You are going to have to get used to small meat chunk with a lot of dirt mixed in it.
rbarnesy 1 year ago
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rbarnesy 1 year ago
Is this guy for real? With consistent bad calls I can't believe he's got the nerves to be back up here. I've been followig his books since 1998 and he wrong wrong wrong. Do the opposite of what Harry says. In the very short term, the dollar will rise and the stock market will correct as well as commodities.
jpxdigital 1 year ago 2
harry buys when he tells you sell
mike6459 1 year ago
Hi Harry. Thanks for the report that you give away at the end of the video. I enjoyed reading it and like the analysis.
I am only confused if we should now expect inflation or deflation according your analysis. On page 3 you refer to a sudden drop in the dollar and higher food and gas prices because of QE. In your conclusion on page 7 you predict a decade of deflation. Will we have first a few years of inflation and then deflation or do you expect that we never get any inflation? Please explain
StockTrendInvesting 1 year ago
I don't understand that Harry is still making predictions on when the market is topping or going to fall and how high or low it is going to be.
NOBODY can predict the future. The best you can do is using Trend Investing to recognize in what phase the market is and if you should buy or sell.
I like Harry's demographic analysis and believes it is crucial to understand the factors that play an important role (e.g. demographics and lack of demand). But this cannot be used to time the market.
StockTrendInvesting 1 year ago
After Harry's last video predicting the Dow would crash before the end of the year, I posted that it would be a great time to get into the market because, if Harry says it is going to crash, it will surely go up. It turns out I was right. Now that Harry is saying there is going to be a rally, everyone had better get out of the market and stuff their money in their mattresses. How can one person be so consistently wrong and still manage to sell so many books?
dsmith9054 1 year ago 2
@dsmith9054 Fear Tactics what else!
Ellipsis10 1 year ago
The sky just keeps falling...
MickyD863 1 year ago
I know about this guys demographic thinking. But where does he get short term ideas from? It seems that he is 100% mirroring the views of Robert Prechter at Elliott Wave International. Anyone with more insight?
123axel123 1 year ago
@123axel123 short term most things I have seen is a forth wave down (small correction maybe 1185 S&P) and a fifth wave to new highs say 3100 S&P. By March many people are saying the next leg down is imminent 1040 or lower on S&P. I have heard one short term call for a melt up from here to 2800 or so. Logically I have thought the market needs a new low as Ben's printed money is killing the dollar, but the injection of a trillion is a nice propping mechanism. What have you heard?
MrYatesj1 1 year ago
Never this to this guy.. This guy said in 2006 'Dow will go 30,000" What happened 2007 and 2008.Such a BIG F**ED UP liar.
yoonbrando 1 year ago
@yoonbrando No one can really predict the market, Harry is not a lair he just is not a very solid forecaster.
MrYatesj1 1 year ago
he actually did state the govt's intervention in his book.
brucedinger 1 year ago
Sadly, Harry and those of his ilk, make their income by selling either boom or bust stories. They need to create a desire for us all to constantly stay with them...thats where they derive their income.
You'd have to be Blind Freddy not to realise that all this money flow is going to create HUGE problems for the US....but at the same time, lets remember that IF it is managed well, a lower currency will lead to stronger exports.
However,its the underlying DEBT that has to be addressed.
dyadco 1 year ago
Anyone that looks to HSDent for daily trading advice is going to get into a mess. Their firm is awesome at the big picture predictions but not so good on the short term. His call in July was right on except it ignored one important factor, The US FED. Big Ben has been dumping cash into the market since mid-summer causing the dollar to fall and in turn the stock market to climb. Market fundamentals don't play out when blatant manipulation is at play. In the end fundamentals will win out.
tsetsaf 1 year ago
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tsetsaf 1 year ago
It's sad that he says the same thing over and over again. If he was really good, he would predict up AND down markets. All of his previous videos call for a crash and when he is wrong, he just extends the deadline. Guess what? He will EVENTUALLY be right one day...to bad it will be at the expense of everyone who listens to him.
jckpc 1 year ago
Its a QE2 no brainer
futuremoneytrends. com/Gold_Standard_Debate. html
unreallogic 1 year ago
Just upselling himself for another "Best-Selling" Book..."The Next Great Bubble" Harry is really hedging himself this time...from early 2011 to late 2012...that's a 2 year gap! Anyone can call a decline within 2 years. People...Just do the opposite as to what this guy has to say!
ImpulseComments 1 year ago
Ya Ya Ya, I've been losing my ass listening to Harry. Same old message over and over.
marcus3624 1 year ago
@marcus3624 some forget that he's they guy who predicted dow 36,000 by 2009. He is though without a doubt the best when it comes to baby boomer data and spending predictions.
unreallogic 1 year ago
commodity market makers setting the prices, not Inflation. They are selling the news. and the new is Inflation. Main Stream media pushing inflation hoax to the max. Follow the herd and watch what happens. That's all I can say.
drkevincampbell 1 year ago
@drkevincampbell
Wish you could have paid my grocery bill today....
Glad to hear your groceries haven't gone up
Have a great depression!
ABETRMAN 1 year ago
What is this QEII you speak of Harry? Where did you get such insider information? Don't you fear for your life now that you let the cat out of the bag?
C'on Man!! Your followers are sharper than you think Harry maybe we should question why we listen to you?
Peas'
MrYatesj1 1 year ago 2
@MrYatesj1 this is a great youtube channel: youtube.com/watch?v=MAHF3MtbT7s
User name GTbull07. Video title: RED ALERT: BUY FOOD NOW!! & MAJOR SILVER NEWS
Ellipsis10 1 year ago
@Ellipsis10 Hey thanks for the heads up, that is pretty interesting. It seems like common sense really. I am surprised more don't realize the Fed as well as our Gov system does not care about the people of this country. Ever sense Bush stole his first election and no one stood up to question I have simply been planning my escape from this shell of a country.
MrYatesj1 1 year ago
How about silver and gold. All this information is free online!!
charlesfuchs 1 year ago
Quote of the day: 0:10 "the government has come up with a stronger new policy which they call quantitative easing"
Ummm,...that idea of Quantative Easing isn't something they just came up with. You imply their actions were unexpected, but QE has been practiced in Japan and (now) USA for many years.
martinw767 1 year ago 3
Harry did not miss anything. There is no inflation. Money is contracting beyond the Feds control. They cannot control the contraction. Deflation is taking over and the Fed is scared shitless. Idiots like Glen Beck scare people about inflation, but fair to realize there is no real inflation. Commodity market makers are manipulating food up, but this is price gauging, not inflation. Soon the stock market will crash and take gold down with it.
drkevincampbell 1 year ago
@drkevincampbell - Ahmm, didn`t Dent say according to his faultless system of demographic waves theory he can exactly predict dates on economic events, & going by this the stocks would crash "at the latest" in July 2010 ... 5 months ago?
Or am I missing something??
Now he`s saying they`ll be a rally to new highs until 2011 or 2012?
Now he`s nailed his colors to the mast on that 1 the market will probably go thru the floor before the stroke of midnight for 2011 - lol
kcirdrab 1 year ago 23
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@kcirdrab
completely agree. I sld my shares in oct 09 as he was calling this 1st to 2nd quarters 2010. now he hedges with early 2011 to late 2012!!! did he not think that the Fed may just want to avert another crash? wasnt another round of QE obvious!! everyone in UK here seems to think it is , and I suppose at some point his prediction may come true. Meanwhile , how long do I wait staying out the market while it rallies up?!!
Gershy7 1 year ago
@kcirdrab No, he can't predict. I've given up on him. Sold my Real Estate in Wash DC based on his analysis, and the RE market in DC has gone UP 4% in the last 6 mos.
I guess NO ONE can "predict" the future.
No one!
karenbcz22 1 year ago
@karenbcz22 - Is real estate in Washington going up?
kcirdrab 1 year ago
@kcirdrab Well yes!! According to WMAL radio it has. I heard this morning - up 4%.
7 of the 10 wealthiest counties in the USA are in the Wash DC area. FED Gov't workers are overpaid.
All the advisors I follow said RE was going to crash AGAIN. So I sold, but kept the house I live in.
My problem with Harry is the same with other prognosticators; I've missed two huge bull moves. I missed the one from July to November because I was looking for a crash, which was not forthcoming.
:>(
karenbcz22 1 year ago
@karenbcz22 - Thx, interesting info.
For all the grumbling about Dent in this upload - of which I`ve done my fair share - I don`t think he`s that far out in his macro-economic thoughts, but he`s been found out totally now on his claim that his demographic wave method enables him with accuracy to time economic events, hopefully he won`t be claiming that again.
If I were you I wouldn`t be that eager to rush back into stocks or property at the moment. See my post to 'Gershy7' below ; )
kcirdrab 1 year ago 4
@kcirdrab Well yes!! According to WMAL radio it has. I heard this morning - up 4%.
7 of the 10 wealthiest counties in the USA are in the Wash DC area. FED Gov't workers are overpaid.
All the advisors I follow said RE was going to crash AGAIN. So I sold, but kept the house I live in.
My problem with Harry is the same with other prognosticators; I've missed two huge bull moves. I missed the one from July to November because I was looking for a crash, which was not forthcoming.
karenbcz22 1 year ago
@drkevincampbell There is no INFLATION?? SUGAR, WHEAT, CORN, COTTON are all at record highs, GOLD is over $1400, SILVER is at $27 OIL is closing in on $90...Which country do you live in ??
Ellipsis10 1 year ago
Everyone and their brother knew QE2 ( and subsequent inflation) was coming, except for Harry Dent. He missed this one, big time!
kidbilly1970 1 year ago 4
I would have thought Dent was experienced enough to have foreseen the Fed would try QE2 & 3 & 4 etc, as at least a possibility in his broadcasts in 2009 & 10, instead of making a call for the Big Default to start in July 2010.
Bernanke`s obviously gonna keep going until being physically stopped, but I don`t know when that is, is it gonna be 3 months or 5 years?
Dent should have explained more as to why his 2010 collapse call for 2010 was wrong rather than skipping over it like this.
kcirdrab 1 year ago 25
@kcirdrab
completely agree. I sld my shares in oct 09 as he was calling this 1st to 2nd quarters 2010. now he hedges with early 2011 to late 2012!!! did he not think that the Fed may just want to avert another crash? wasnt another round of QE obvious!! everyone in UK here seems to think it is , and I suppose at some point his prediction may come true. Meanwhile , how long do I wait staying out the market while it rallies up?!!
Gershy7 1 year ago 2
@Gershy7- Mmm., a puzzle isn`t it, but we`re seeing the most turbulent time in the Anglosphere`s economy in 80 years.
I agree with Dent that all the fundamentals are disastrous, but it`s a fool`s game calling a date for an event like this as there are too many unknowns, surprised he did it.
I`m outta shares totally too, key event of 2010 (unless something else's coming??) was the flash crash, which is a straw in the wind to me
Looking for return & safety? - Gold/Silver look pretty cool.
kcirdrab 1 year ago 7
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@kcirdrab
completely agree. I sld my shares in oct 09 as he was calling this 1st to 2nd quarters 2010. now he hedges with early 2011 to late 2012!!! did he not think that the Fed may just want to avert another crash? wasnt another round of QE obvious!! everyone in UK here seems to think it is , and I suppose at some point his prediction may come true. Meanwhile , how long do I wait staying out the market while it rallies up?!!
Gershy7 1 year ago
@kcirdrab agreed. If an analyst cant admit when hes wrong, or why he was wrong, it doesn't allow for much corrective feedback or adaption and improvement in his analysis going forward, which doesn't give much confidence to subscribers.
kingtercel 1 year ago 2
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kcirdrab 1 year ago
To all my viewers. Harry is spot on with his analysis of QE2. This government/Fed faux pas will prove damaging. No one should have missed the recent bull run, because technicals trump economics. Trade what you "see," not what you "think."
FreeTradingVideos 1 year ago 2
@FreeTradingVideos Nice proverb
M. Dent is obviously under fire. His task is not easy. Dissonant voices can contribute to a sound debate, so long everyone remains constructive & honest.
BlueAntonov 1 year ago
Crash between early 20111 and late 2012. That's a 2 year window.
TonyUnplugged 1 year ago 4
Read your book ( survivng the great depression) , it was completely wrong and did nothing but cost people money ... " stay in cash " terrible call !
polarbeach 1 year ago 4
Thank you very much Harry
greenb1a 1 year ago
good to see the update harry. been too long
matello18 1 year ago
This has been flagged as spam show
Gold is part of the Feds final plan. I am not saying it is not a winner right now but who do you think owns all the gold, the same guys who are killing the dollar. It falls right into their plan, kill the green back, revert back to gold standard and TaDa they win again and still remain in a total power play. You can't escape the Fed. Think about it.
MrYatesj1 1 year ago
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MrYatesj1 1 year ago
Buy GOLD! Get off the Fed train.
MrBankRun 1 year ago
@MrBankRun Stock up on Gold, Silver, Food NOW!
Ellipsis10 1 year ago
@MrBankRun, I second that.
b5kalad 1 year ago
Dollar bubble is gettin ready to burst.
Ivestor1 1 year ago
@Ivestor1 WHAT ARE YOU TALKING ABOUT!?!?!
The Dollar is worth 75 cents!
Come On Man!
MrYatesj1 1 year ago
I can only say Harry and everyone else trying to figure this mess out has a tough game to play as it is so unpredictable. QEII is like a shot of speed or heroin, you can get unpredictable behavior until the drug wears off then comes the crash. The poor dollar looks like the beaten down hooker in this game, she is worthless and weak.
MrYatesj1 1 year ago
this is my comment from the March 2010 update: "Here's MY PREDICTION: HARRY will post an AUGUST VIDEO update saying that the rally has lasted longer then expected but our NEW technical indicators tell us that the market will crash in late OCTOBER, NOVERMBER, DECEMBER OR EVEN IN 2011"....THUMBS UP!!
Ellipsis10 1 year ago 5
@Ellipsis10 you cant really think that the economy is healthy and TARP and QEII just makes it worse. If you are long in this market brother you have done well but the harder they come, the harder they fall, YOU KNOW! If China says FU to America killing the dollar we are in for a world of hurt.
MrYatesj1 1 year ago
@MrYatesj1 Thanks brother; I'm only investing in hard assets these days.
Ellipsis10 1 year ago
Heeeees Back. Good to see you Harry.
MrYatesj1 1 year ago