The crashing process triggers political response to send out more QE. This sets up the market for another nominal rise for the stock market next cycle. In March 2009, accounting regs were changed & Obama made some promises to place a put on the market. The rest is history from that low. In Argentina and in Weimar Germany, their stock markets rallied huge due to hyperinflation (but lagged). Notwithstanding a hedge strategy, being in cash is the worst place to be if you expect dollar depreciation.
You state that paid off debts deflate the system, however do you address the established pattern of government socialization of bad bank debts, floated by currency expansion? Doesnt it seem likely that the coming crash will bring the mother of all Currency expansion worldwide as they attempt to mitigate quadrillions of bad debt? Finally, if Gold is destined to drop in a big way why would the world's central banks have reversed their patterns and moved to accumulate it in mass?
Harry Dent youre wrong this time. You dont talk about foreign affairs. What will happen when we bomb iran? Oil is going to $300 and gold and silver will skyrocket. Once that happens forget your charts and books etc. The world is loosing faith in the US and it just matter of time before gold and silver is the new world currency. I look beyond your 1920's charts. I look back 5000 years. Harry Think about.
Hey Harry i just listened to your interview on the Schiff Report You believe that GOLD and SILVER are in a massive bubble. You said in early 80s Silver reached $50 and then crash to $5 in 2 years..1 of the biggest reasons why gold came crashing down was because Paul Vaulcher raised interest rates to 15%...now if Bernanke did the same i would be shorting gold but the FED HAS JUST STATED THEY ARE KEEPING INTEREST RATES AT RECORD LOWS AT LEAST UNTIL 2013!! sorry but silver will not crash back to $5
I think Harry makes some good points in his books. The demographic theory is valid and you should apply his strategies over the long term. I think having a 7 or 10 plan when applying his ideas. When it comes to short term strategies he has no idea about what he is talking about. Sure the metals corrected in September but they`ve made a serious rebound over the past 2 weeks. I don`t think the commodity correction is here yet.
@humanyoda My brother gets his service and Dent was wrong all the way up in 2009-2010 - I am assuming you can find articles of his forecasts on the internet.
How can Dent in 2006 call for 20,000 on the Dow by 2008 and then be bearish in March 2009?
@TheSnoopy1750, gold has gone down from about $1900 in August to $1644 now, which is a 13% drop. Is this not significant and not providing support for Harry's prediction?
@TheSnoopy1750 Because he is an idiot. I too subscribed to his newsletter a few years ago and got burned on some of his advice .... specifically he was advising growth and aggressive investors to invest heavily (up to 45%) in technology just before the tech bubble burst a few years ago. You could probably have a portfolio worth$1 million if you took his advice, but you would have to start with $5 million.
The Fed stimulus is not failing due to baby boomers. It is failing because tangible debt to GDP in the system is 360% of GDP (400%+ if you include intergovernmental social security 'ponzi' bonds). The system has taken on as much debt as it can. Anyone can review the FED flow of funds data back from 1946, and look at debt to GDP ratios by sector. The FED is trying to use the same fix to fix this mess...that got us into this mess.
Another new book ...great crash ahead. Sounds to me like we should all be buying based on this guys horrible track record. Use this guy as a contrary indicator if you want to make money.
yes demographics have a huge impact on what happens with the economy (in this case the baby boomers) but there's another factor just as important:
Cheap oil.
The era of cheap oil is coming to an end, so being in a mind set where oil can still be considered as a mere "externality" is a mistake.
We're entering uncharted territories and if I have to pick between U.S. dollar and gold/silver, I'd pick gold/silver any day of the week and twice on Sunday.
This guy is an idiot. He came to Australia and said - "don't buy gold and silver and hold everything you can in US dollar denominated assets" WTF!! Probably the most costly advice you will ever receive
Gold and silver in fact will outperform other investments. There is simply nothing else to " invest " in. Plus nobody buys pm except trades and few peaple. So call public dosn't parcipitate yet - NOT YET !!!
part of the reason gold has gone up is because of the central banks, in thailinad, india russia and a few others have been buying GOLD. Over 10 billion in the past 5 months
Dow 36000 was written by James Glassman and Kevin Hassett, who are probably also the people with the metals sentiment you mention. (You might consider a 10-second Google search before you rant about objective facts.)
@TampaAlex This is our point - people should decide why they hold gold and silver. If they are holding for investment, then be very wary. Prices have run very far, very fast. If, however, people are holding precious metals as a hedge against calamity, then they must decide what level of holding gives them comfort.
Yeah, I think his views are too tied to a system of interpretation that he's already admitted doesn't even come close to always working. In my view, you're better off getting into metals to preserve purchasing power and diversify your own lifestyle in to physical assets and durable goods that will be in demand during hard times. I suspect that all fiat money systems are going to destabalize, so so being invested in stocks of any kind in the long-term probably isn't a good idea.
@dgt3800 as much as i love metals, i think you need to research the inflation adjusted history of gold and silver along with the history behind it. silver had a massive bubble decades ago and a lot of people got fucked for it; and there's more...
Precious metals may go down in the short term, but the banksters are buying; pensions are buying; Chavez is asking for 99 TONS to take back; etc. I think I'll go ahead and keep mine.
@TTBurner We see metals and treasuries as having too much risk for their potential reward, as they are both very expensive right now. In the very short term (over the next several months), there is a good chance of an equity rally, but it will be short lived. Cash is king right now and will probably be so for the next year.
@hsdentfinancial Aren't t-bonds, considered cash? I live in Canada, and we call them t-bills, and the yield is calculated over 30 days, instead of 31 days, but we consider the risk free/cash rate, to be the 30 day t-bill yield. When you say cash, do you mean 0% return, cash?
arry Dent is really off the mark. He is looking what happened in 2008 with Gold and Silver. People are starting to wake up about fiat currency and realizing Gold/Silver is a place of safety which Harry is missing this sentiment. Yes there will be temporary deflation but I believe Gold and partially silver will hold strong this time and will go parabolic when inflation happens. There will never be a recovery because we are at the time of the end of easy cheap oil. Sorry
If you have been following HD's advise for very long you are most likly out of money. However, his long term demographics forecast over the next five years is strong. It is impossible to time the market using demographics but HD tries to do this is he is mostly wrong on a short term basis.
I've followed this guys advice since 2006 and have lost over $180K thanks to his market timing advice. He's HORRIBLE when it comes to day-to-day market timing advice. He's good when it comes to long-term macro-economic predictions. Unfortunately, he, like everyone else, can never tie those insightful long-term macro-economic trends into the normal day to day stock market. He's not even good on a monthly, quarterly or yearly basis. He's only good on a 5 year basis.
I am glad I listened to Lindsey Williams instead of this guy 2 years ago. Gold has doubled. Silver more than doubled. This guy looks smart and what he said make a lot of sense at the beginning.
@winsonchik You mean PASTOR Lindsey Williams? The same guy whose blog right now is predicting the fall of the EURO, and massive domestic deflation of multiple asset classes? Sounds like he and Harry are on the same page...
Listening to this, I am lost... too many different predictions.
It is easy to predict that we get new tops and new crashes. They will always be there. But it is impossible to make repeatedly reliable predictions for when this will happen and how high or low it will be.
I just look at how the market moves and what the long-term trends are. My long-term trend signals at this moment, based on actual market movements, are pointing down for Europe and give a clear warning for the US.
Harry's macro economic calls have been very prescient..he is his own worst enemy when he tries to call turns too finely...however, he has no clue about the stock market short term...he usually gets long term direction ok (again his timing is never right on) but the magnitude of predicted moves and the timing are never right..he assumes his forecast economic conditions will drive the market..wrong! As Keynes said "the market can stay irrational longer than you can stay solvent"...
Folks, please don't make any investment or life decisions based on what this man says. He has never, ever, ever been right about anything big or important. He speaks with a lot of confidence and that is why he comes across as believable. He sells newsletters and books. That's what he is about. Go to the library and look for his books, you will see if you had listened to him you would have made nearly all the wrong moves.
Hey, go back and do some reading before shooting your mouth off. In 'The Great Boom Ahead', which he wrote after the early 1990s recession when forecasts were universally gloomy, he predicted the tech boom, the financial services boom, a huge stock market boom through the first decade of the 2000s AND a massive bust by 2008. He's made a lot of mistakes since trying to peddle market timing advice, and that has cost him credibility. But listen to him on the big picture - he's right.
As an Economist and Financial Analyst I think I've done enough reading, thanks. I've read his books and newsletters. He didn't predict anything. Maybe that he'd get rich pretending to know stuff. I wish his views were reliable so the whole world would know what to do but they just aren't. I appreciate his demographics commentary but unfortunately that hasn't occurred as he predicted and most of those predictions will take many years before they can be proven accurate or not.
Harry a.k.a. "bubble man" must be taken in perspective. He is a demographics guy and he does that very well.
Day to day trader advice guy? Not so much.
I can see however, that the big money will drive stocks up near the end of the year.
Quality gold and silver mining companies are making huge profits and will declare those in December. Balance Harry with the likes of Armstrong and Sinclair to get a better big picture focus.
Harry, how can you say this when many economists are saying the opposite? I not implying your wrong, I'm just wondering what leads you to believe gold will collapse?
This guy is a complete idiot. "The market will move up in late sept/early october, then back down with an upward spike towards the end of December". Really?? He missed his call in July of 2010. Said to look for market to get to 6K. His EXCUSE was that QE2 came along. Anybody buying his shit is gonna get just that.
Harry is always interesting (at least fun to watch) but he is rarely correct. This time I think he has it right. I generally like to follow Elliot Wave ideas and what Harry says does jive with the EW thinking. We might see a 1260 S&P within a few days or weeks, then a nice dip setting up a ripper of 20 to 30% and then the whip comes down. This is all depending on what Bubble headed Ben does so nothing is written is stone. Regarding Gold, I just don't know about a fall in that camp.
Snake. Oil. Salesman. Extraordinaire! H Dent: "The market is going to go down, then it will go up before it goes down..." WTF! Wasted my money subscribing to his services YEARS ago. Fool me once...
I agree with 90% of this except what you said about gold and silver. Most countries are broke... so is the banking system. The only safe haven is gold and silver. The PM paper market is heavily manipulated. Gold $2000-2500, silver $50-75 by the end of this year.
@myyootube Anyone looking at the market right now and saying that it's fundamentally the same as a couple years ago is either willfully ignorant or deeply misinformed. Silver went parabolic, then cracked. Ya still buying that? And gold also went parabolic and is in the first phase of cracking. What Harry is saying is that if we get deflation, which is something he IS good at predicting (since it's largely based on what he does best - demographics), gold will come crashing down.
@RationalCapital hahaha gold is cracking?? it's making record highs on a daily basis!! silver is back over $40! nothing goes up in a straight line. Get a clue
@Ellipsis10 I'm sorry, but are you using an asset that is still 20% under it's high of 4 months ago to prove me wrong? Because that was going to be my argument. Weird, right? And gold responds to inflation, which is why it's been running up on the loose money paradigm, as I said above. So please invest your life savings in gold - you'll be taking the other side of my trade. And don't worry: when you're broke, I'll hire you as my driver. You're a safe driver, right?
@myyootube You are correct - it's fundamentally far worse. 2008 was the overture, the opera is yet to be sung. Gold is sounding an alarm - ignore it at your own peril. The currency markets are simply reverting to the mean to accomodate a major paradigm shift - gold has always been and will always be the only one true "Money". The comments you have expressed have been made for the last 11 years and I will do with them now as I wisely did with them, then - Ignore them. Good luck with Harry.
Yes and I'm one who unfortunately listened to him and lost my ass. I shorted the market last year. He has been preaching and extending the time line on this crash for a long time.
@2k10clarky Your gogle skills need practice. Type in Harry Dent Dow... and google will complete it with 36000. Confirmation of his predictions of Dow 36,000 are numerous.
As I've said to others: Your gogle skills need practice. Type in Harry Dent Dow... and google will complete it with 36000. Confirmation of his predictions of Dow 36,000 are numerous.
I just see it hard to believe that the smart money is going to move out of treasuries, not flow into precious metals, while as Harry said the market stays crazy enough that would keep fundamentalists out.
I listened to the video again to see if I was missing something, but I believe Harry is saying that we should sell everything and get out all together. I didn't hear any recommendations on where money should be invested during this chaos.
@siroos7 I have to agree he will not make any money by telling us to gamble, he just wants to sell books so if he can cover both sides he wins. Harry has never had his finger on the pulse of the short term market although his ideas of the fleeting baby boomer money is on point. America is in the mist of a 7 year winter so things will get much uglier before the sun comes out again.
I bought the audio. I wish i could get my money back.
aeugenio007 3 months ago
The crashing process triggers political response to send out more QE. This sets up the market for another nominal rise for the stock market next cycle. In March 2009, accounting regs were changed & Obama made some promises to place a put on the market. The rest is history from that low. In Argentina and in Weimar Germany, their stock markets rallied huge due to hyperinflation (but lagged). Notwithstanding a hedge strategy, being in cash is the worst place to be if you expect dollar depreciation.
freaklemon 3 months ago
You like Dr Steve Keens? I like you :D
investornator 3 months ago
You state that paid off debts deflate the system, however do you address the established pattern of government socialization of bad bank debts, floated by currency expansion? Doesnt it seem likely that the coming crash will bring the mother of all Currency expansion worldwide as they attempt to mitigate quadrillions of bad debt? Finally, if Gold is destined to drop in a big way why would the world's central banks have reversed their patterns and moved to accumulate it in mass?
scottj719 3 months ago
Harry Dent youre wrong this time. You dont talk about foreign affairs. What will happen when we bomb iran? Oil is going to $300 and gold and silver will skyrocket. Once that happens forget your charts and books etc. The world is loosing faith in the US and it just matter of time before gold and silver is the new world currency. I look beyond your 1920's charts. I look back 5000 years. Harry Think about.
torontobills 3 months ago
Hey Harry i just listened to your interview on the Schiff Report You believe that GOLD and SILVER are in a massive bubble. You said in early 80s Silver reached $50 and then crash to $5 in 2 years..1 of the biggest reasons why gold came crashing down was because Paul Vaulcher raised interest rates to 15%...now if Bernanke did the same i would be shorting gold but the FED HAS JUST STATED THEY ARE KEEPING INTEREST RATES AT RECORD LOWS AT LEAST UNTIL 2013!! sorry but silver will not crash back to $5
Ellipsis10 4 months ago
I think Harry makes some good points in his books. The demographic theory is valid and you should apply his strategies over the long term. I think having a 7 or 10 plan when applying his ideas. When it comes to short term strategies he has no idea about what he is talking about. Sure the metals corrected in September but they`ve made a serious rebound over the past 2 weeks. I don`t think the commodity correction is here yet.
MrHeiwa07 4 months ago
Does anyone even look at this guy's record - he's right like 30% of the time.
I trust my dog's forecast more than this guy's.
TheSnoopy1750 4 months ago
@TheSnoopy1750, would you post your analysis somewhere? (You could do it easily and for free at one of several hosted blog platforms.)
humanyoda 4 months ago
@humanyoda My brother gets his service and Dent was wrong all the way up in 2009-2010 - I am assuming you can find articles of his forecasts on the internet.
How can Dent in 2006 call for 20,000 on the Dow by 2008 and then be bearish in March 2009?
Dent is a charlatan pure and simple.
TheSnoopy1750 4 months ago
@TheSnoopy1750, gold has gone down from about $1900 in August to $1644 now, which is a 13% drop. Is this not significant and not providing support for Harry's prediction?
humanyoda 4 months ago
@humanyoda Again, Dent makes tons of predictions - his accuracy is probably no better than a monkey.
If you want to believe this charlatan, go ahead.
Where is Dent's investment record? Does he run a fund with audited performance?
TheSnoopy1750 4 months ago 5
@TheSnoopy1750 Because he is an idiot. I too subscribed to his newsletter a few years ago and got burned on some of his advice .... specifically he was advising growth and aggressive investors to invest heavily (up to 45%) in technology just before the tech bubble burst a few years ago. You could probably have a portfolio worth$1 million if you took his advice, but you would have to start with $5 million.
marshman1953 3 months ago
@marshman1953 Yes he is.
I don't trust any of these market prognosticators - they are all charlatans.
Of course, people like Dent keep their scam going by making many predictions and then brag about the couple they got lucky on.
I really wonder if Dent is like Bernie Maddoff where he knowingly makes these bold predictions with the full intent of suckering investors.
TheSnoopy1750 3 months ago
I think I have discovered a new method for investment success ... do exactly the opposite of what Mr Dent is advising.
marshman1953 5 months ago 4
The Fed stimulus is not failing due to baby boomers. It is failing because tangible debt to GDP in the system is 360% of GDP (400%+ if you include intergovernmental social security 'ponzi' bonds). The system has taken on as much debt as it can. Anyone can review the FED flow of funds data back from 1946, and look at debt to GDP ratios by sector. The FED is trying to use the same fix to fix this mess...that got us into this mess.
shooter7a 5 months ago
Hording Gold and Silver will not be the solution, as many will soon see.
Here's a tip for those thinking about riding the greed wave . . . there isn't enough of gold and silver to cover all the investments.
theroilsoil 5 months ago
Where's everybody?
formervtwin 5 months ago
Another new book ...great crash ahead. Sounds to me like we should all be buying based on this guys horrible track record. Use this guy as a contrary indicator if you want to make money.
Redmet100 5 months ago
Harry,
yes demographics have a huge impact on what happens with the economy (in this case the baby boomers) but there's another factor just as important:
Cheap oil.
The era of cheap oil is coming to an end, so being in a mind set where oil can still be considered as a mere "externality" is a mistake.
We're entering uncharted territories and if I have to pick between U.S. dollar and gold/silver, I'd pick gold/silver any day of the week and twice on Sunday.
OperationCrossroad 5 months ago
This guy is an idiot. He came to Australia and said - "don't buy gold and silver and hold everything you can in US dollar denominated assets" WTF!! Probably the most costly advice you will ever receive
acithwote 5 months ago
@acithwote
You're wrong . . . he's more right on.
Wait, and hold is the best advice yet . . . not enslaving yourself to someone other scheme.
theroilsoil 5 months ago
The biggest bubble is the US dollar.
madmikeof74 5 months ago
ha ha ha ha ha ha ha ha ha ha ha ha ha ha gold topped at 15000 and the dow fell to 3800
novhyce 6 months ago
HD also predicted dow jones 40000 !!! ??? !!!
Gold and silver in fact will outperform other investments. There is simply nothing else to " invest " in. Plus nobody buys pm except trades and few peaple. So call public dosn't parcipitate yet - NOT YET !!!
alexmax69 6 months ago
part of the reason gold has gone up is because of the central banks, in thailinad, india russia and a few others have been buying GOLD. Over 10 billion in the past 5 months
AntixSchiTTxreport 6 months ago
Buy his book
VeteransAgainstKonop 6 months ago
Harry, so far you are wrong on gold. You missed a huge move up.
kidbilly1970 6 months ago 2
gold is not a bubble. when 1 ounce of gold = the DOWn, then it's a bubble. so I'm not selling my gold. no thank you 2 face.
mrzack888 6 months ago 2
Dow 36000 was written by James Glassman and Kevin Hassett, who are probably also the people with the metals sentiment you mention. (You might consider a 10-second Google search before you rant about objective facts.)
cmlilley 6 months ago
@cmlilley Back in 2000, Dent made the prediction that the DOW would hit 40,000. Source: From his Wikipedia page.
megatrollwarlock 6 months ago
So "gold and silver don't bubble, period.".
They said that about real estate.
Look at the history of gold and silver and you'll see plenty of bubbles.
If you want to invest short term only then precious metal are fine but NOT for long term investing.
TampaAlex 6 months ago
@TampaAlex This is our point - people should decide why they hold gold and silver. If they are holding for investment, then be very wary. Prices have run very far, very fast. If, however, people are holding precious metals as a hedge against calamity, then they must decide what level of holding gives them comfort.
hsdentfinancial 6 months ago
Hey Henry Dent, I just listened to you on the radio via the Coast to Coast show, great job!
L1661N6 6 months ago
@L1661N6 Thank you!
Rodney Johnson, HS Dent
hsdentfinancial 6 months ago
Its all about cycles .........& your learning cycle has begun.....you have been warned!
HStevenLA 6 months ago
Yeah, I think his views are too tied to a system of interpretation that he's already admitted doesn't even come close to always working. In my view, you're better off getting into metals to preserve purchasing power and diversify your own lifestyle in to physical assets and durable goods that will be in demand during hard times. I suspect that all fiat money systems are going to destabalize, so so being invested in stocks of any kind in the long-term probably isn't a good idea.
veritasfiles 6 months ago
this guy is wayyyyyyyyyyyyyy offfffffff!
So go ahead and buy his book of misinformation.
Who the hell is he working for anyway?
Real money - gold and silver don't bubble, period.
dgt3800 6 months ago
@dgt3800 as much as i love metals, i think you need to research the inflation adjusted history of gold and silver along with the history behind it. silver had a massive bubble decades ago and a lot of people got fucked for it; and there's more...
desirefirst 6 months ago
Precious metals may go down in the short term, but the banksters are buying; pensions are buying; Chavez is asking for 99 TONS to take back; etc. I think I'll go ahead and keep mine.
Ron Paul 2012!
budb11 6 months ago
Get out of gold and treasuries, all together? So stay in cash?
TTBurner 6 months ago
@TTBurner We see metals and treasuries as having too much risk for their potential reward, as they are both very expensive right now. In the very short term (over the next several months), there is a good chance of an equity rally, but it will be short lived. Cash is king right now and will probably be so for the next year.
hsdentfinancial 6 months ago
@hsdentfinancial Aren't t-bonds, considered cash? I live in Canada, and we call them t-bills, and the yield is calculated over 30 days, instead of 31 days, but we consider the risk free/cash rate, to be the 30 day t-bill yield. When you say cash, do you mean 0% return, cash?
DoYerBest 4 months ago
@TTBurner i think he likes US treasuries
optionsupdate 4 months ago
I preorderd the book.
He understands demograhphics and that is the key.
bloodowrm 6 months ago
I'm going to pass on the book and use that money to buy an ounce of silver bullion.
jayblow77 6 months ago
arry Dent is really off the mark. He is looking what happened in 2008 with Gold and Silver. People are starting to wake up about fiat currency and realizing Gold/Silver is a place of safety which Harry is missing this sentiment. Yes there will be temporary deflation but I believe Gold and partially silver will hold strong this time and will go parabolic when inflation happens. There will never be a recovery because we are at the time of the end of easy cheap oil. Sorry
silvercountry 6 months ago
@silvercountry, we could switch to another fuel, e.g. natural gas. And then to something else.
humanyoda 4 months ago
This guy is such a joke its not even funny. HAHAHAHAHAH dow 40k huh? Just pathetic this guy
GOLDSILVERDUDE 6 months ago
Gold balloons in price, panic in the streets, use the gold to buy real estate, businesses and cash flow producing assets I guess.
paintmaker1 6 months ago
We will all be watching to see if your right or wrong.
seadog92023 6 months ago
you should be in Gold and Silver and related assets.
BMWg84 6 months ago
He has been right on with the real estate market.
peterHarrigan 6 months ago
This has been flagged as spam show
@peterHarrigan AND that's pretty much it.
edmack4me 6 months ago
If you have been following HD's advise for very long you are most likly out of money. However, his long term demographics forecast over the next five years is strong. It is impossible to time the market using demographics but HD tries to do this is he is mostly wrong on a short term basis.
1danflick 6 months ago
This guy is fucking ignorant asshole.... WTF, if i want to hear wrong news, ill look at fox news. This guys is ridiculous. Dont buy this shit.
charlesfuchs 6 months ago
@charlesfuchs We hear your frustration, and the internet is here to help...so...who hurt you?
RationalCapital 6 months ago
He is once again late to the game.... lol.... this is rehashed old news lol
charlesfuchs 6 months ago
I've followed this guys advice since 2006 and have lost over $180K thanks to his market timing advice. He's HORRIBLE when it comes to day-to-day market timing advice. He's good when it comes to long-term macro-economic predictions. Unfortunately, he, like everyone else, can never tie those insightful long-term macro-economic trends into the normal day to day stock market. He's not even good on a monthly, quarterly or yearly basis. He's only good on a 5 year basis.
nanovation 6 months ago
Comment removed
IrradiateTheNWO 6 months ago
I am glad I listened to Lindsey Williams instead of this guy 2 years ago. Gold has doubled. Silver more than doubled. This guy looks smart and what he said make a lot of sense at the beginning.
winsonchik 6 months ago
@winsonchik You mean PASTOR Lindsey Williams? The same guy whose blog right now is predicting the fall of the EURO, and massive domestic deflation of multiple asset classes? Sounds like he and Harry are on the same page...
RationalCapital 6 months ago
Central banks are net buyers of gold. We will see deflation, when priced in gold.
MisterSilverBug 6 months ago
Listening to this, I am lost... too many different predictions.
It is easy to predict that we get new tops and new crashes. They will always be there. But it is impossible to make repeatedly reliable predictions for when this will happen and how high or low it will be.
I just look at how the market moves and what the long-term trends are. My long-term trend signals at this moment, based on actual market movements, are pointing down for Europe and give a clear warning for the US.
StockTrendInvesting 6 months ago
He ought to hire someone to design a more attractive cover for his book.
luvtub 6 months ago
this guy thinks the economy & the market are the same thing!
mullera007 6 months ago
last august he predicted dow 3800. how wrong he was. if he was any good he would QE effects on market
mullera007 6 months ago
When will he ever be right?? His books are crap, his info is crap
cmpublishing 6 months ago
Harry's macro economic calls have been very prescient..he is his own worst enemy when he tries to call turns too finely...however, he has no clue about the stock market short term...he usually gets long term direction ok (again his timing is never right on) but the magnitude of predicted moves and the timing are never right..he assumes his forecast economic conditions will drive the market..wrong! As Keynes said "the market can stay irrational longer than you can stay solvent"...
1grijalva1 6 months ago
I'll do just the opposite of what you say!!!
chineseal 6 months ago
What a joke !!!!this jackass.
chineseal 6 months ago
Folks, please don't make any investment or life decisions based on what this man says. He has never, ever, ever been right about anything big or important. He speaks with a lot of confidence and that is why he comes across as believable. He sells newsletters and books. That's what he is about. Go to the library and look for his books, you will see if you had listened to him you would have made nearly all the wrong moves.
theduke17 6 months ago
@theduke17
Hey, go back and do some reading before shooting your mouth off. In 'The Great Boom Ahead', which he wrote after the early 1990s recession when forecasts were universally gloomy, he predicted the tech boom, the financial services boom, a huge stock market boom through the first decade of the 2000s AND a massive bust by 2008. He's made a lot of mistakes since trying to peddle market timing advice, and that has cost him credibility. But listen to him on the big picture - he's right.
jamesy437 6 months ago 2
@jamesy437
As an Economist and Financial Analyst I think I've done enough reading, thanks. I've read his books and newsletters. He didn't predict anything. Maybe that he'd get rich pretending to know stuff. I wish his views were reliable so the whole world would know what to do but they just aren't. I appreciate his demographics commentary but unfortunately that hasn't occurred as he predicted and most of those predictions will take many years before they can be proven accurate or not.
theduke17 6 months ago
Harry a.k.a. "bubble man" must be taken in perspective. He is a demographics guy and he does that very well.
Day to day trader advice guy? Not so much.
I can see however, that the big money will drive stocks up near the end of the year.
Quality gold and silver mining companies are making huge profits and will declare those in December. Balance Harry with the likes of Armstrong and Sinclair to get a better big picture focus.
lkurowic 6 months ago
Harry, how can you say this when many economists are saying the opposite? I not implying your wrong, I'm just wondering what leads you to believe gold will collapse?
lizadfuel 6 months ago
This guy is a complete idiot. "The market will move up in late sept/early october, then back down with an upward spike towards the end of December". Really?? He missed his call in July of 2010. Said to look for market to get to 6K. His EXCUSE was that QE2 came along. Anybody buying his shit is gonna get just that.
randyhux 6 months ago
Harry is always interesting (at least fun to watch) but he is rarely correct. This time I think he has it right. I generally like to follow Elliot Wave ideas and what Harry says does jive with the EW thinking. We might see a 1260 S&P within a few days or weeks, then a nice dip setting up a ripper of 20 to 30% and then the whip comes down. This is all depending on what Bubble headed Ben does so nothing is written is stone. Regarding Gold, I just don't know about a fall in that camp.
MrYatesj1 6 months ago
Harry is great at macro trends, but his short-term calls based on technical analysis show spotty results.
TEScharf 6 months ago
Snake. Oil. Salesman. Extraordinaire! H Dent: "The market is going to go down, then it will go up before it goes down..." WTF! Wasted my money subscribing to his services YEARS ago. Fool me once...
1dantelaporte 6 months ago
Like all these guys, if he knew what he was doing in the stock market he would be making money there. Not doing videos or writing books.
tradingdaze1 6 months ago
I agree with 90% of this except what you said about gold and silver. Most countries are broke... so is the banking system. The only safe haven is gold and silver. The PM paper market is heavily manipulated. Gold $2000-2500, silver $50-75 by the end of this year.
JP5466 6 months ago 19
@JP5466 Indeed I agree. The Crash he speaks of are paper Money Crashes. Not precious Metal.
robertquentincobb 6 months ago
This is the guy with the book - Dow 36,000 and who for the last couple of years has been anti Gold and Silver.
He and people who have listened to him have missed one of the easiest bull markets to call in history and what has fundamentally changed - NOTHING!
How long do you have to be wrong before you stop even listening to your self?
myyootube 6 months ago 29
@myyootube Anyone looking at the market right now and saying that it's fundamentally the same as a couple years ago is either willfully ignorant or deeply misinformed. Silver went parabolic, then cracked. Ya still buying that? And gold also went parabolic and is in the first phase of cracking. What Harry is saying is that if we get deflation, which is something he IS good at predicting (since it's largely based on what he does best - demographics), gold will come crashing down.
RationalCapital 6 months ago
@RationalCapital hahaha gold is cracking?? it's making record highs on a daily basis!! silver is back over $40! nothing goes up in a straight line. Get a clue
Ellipsis10 6 months ago
@Ellipsis10 I'm sorry, but are you using an asset that is still 20% under it's high of 4 months ago to prove me wrong? Because that was going to be my argument. Weird, right? And gold responds to inflation, which is why it's been running up on the loose money paradigm, as I said above. So please invest your life savings in gold - you'll be taking the other side of my trade. And don't worry: when you're broke, I'll hire you as my driver. You're a safe driver, right?
RationalCapital 6 months ago
@myyootube You are correct - it's fundamentally far worse. 2008 was the overture, the opera is yet to be sung. Gold is sounding an alarm - ignore it at your own peril. The currency markets are simply reverting to the mean to accomodate a major paradigm shift - gold has always been and will always be the only one true "Money". The comments you have expressed have been made for the last 11 years and I will do with them now as I wisely did with them, then - Ignore them. Good luck with Harry.
myyootube 6 months ago
@myyootube
Yes and I'm one who unfortunately listened to him and lost my ass. I shorted the market last year. He has been preaching and extending the time line on this crash for a long time.
marcus3624 6 months ago
@myyootube jesus a quick wiki search reveals this to be total crap
Dow 36,000: The New Strategy for Profiting From the Coming Rise in the Stock Market is a book by James K. Glassman and Kevin A. Hassett.
2k10clarky 6 months ago
@2k10clarky Your gogle skills need practice. Type in Harry Dent Dow... and google will complete it with 36000. Confirmation of his predictions of Dow 36,000 are numerous.
myyootube 6 months ago
@myyootube,
Uh....Dow 36,000 was a book by James K. Glassman and Kevin A. Hassett in 1999.
shooter7a 5 months ago
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@shooter7a
As I've said to others: Your gogle skills need practice. Type in Harry Dent Dow... and google will complete it with 36000. Confirmation of his predictions of Dow 36,000 are numerous.
myyootube 5 months ago
Gold has been negatively correlated with equities
ILovelisanova 6 months ago
I just see it hard to believe that the smart money is going to move out of treasuries, not flow into precious metals, while as Harry said the market stays crazy enough that would keep fundamentalists out.
I listened to the video again to see if I was missing something, but I believe Harry is saying that we should sell everything and get out all together. I didn't hear any recommendations on where money should be invested during this chaos.
Your Thoughts?
siroos7 6 months ago
@siroos7 I have to agree he will not make any money by telling us to gamble, he just wants to sell books so if he can cover both sides he wins. Harry has never had his finger on the pulse of the short term market although his ideas of the fleeting baby boomer money is on point. America is in the mist of a 7 year winter so things will get much uglier before the sun comes out again.
MrYatesj1 6 months ago