Harry Dent Oct 2009 Economic Update

Is the recovery real? Are stock prices telling us that the "All Clear" has been sounded? Are we finally out of the economic woods? Harry Dent brings you up to date in his latest video presentation, specifically for readers of his latest book, "The Great Depression Ahead."

Category:

Education

Tags:

• recession
• us
• economy
• economic
• depression

[bakabusu]

mr dent, remember when u said the Dow will be 35,000 by 2008....

Im listening to u saying that the market should start to fall after early jan but if it does not.....I dont know if i should listen to u anymore

[hsdentfinancial]

bakabusu,

We did forecast that the Dow could reach as high as 32k-40k. This forecast is from the late 1990s, and was based on our view that the economy would continue to grow for over 10 years. The economy did grow as forecast, but the markets didn't! In '05 we said there were only a few years left for growth. In '06 we lowered our top forecast because there were only a few more years before we saw the economy, and therefore the markets, turning.

Rodney Johnson, President, HS Dent

[orangedac]

You have that wild, panicked look in your eyes Harry - the kind that says "I'm caught in a short squeeze with a big margin call".

I sense fear in your voice and body language.

I just acted on your mid September prediction and now you are singing a different tune. This sucks. At least have the balls to stick to your predictions instead of hitting the panic button and back-tracking.

I swear I need to find a one armed financial guru so he can never say 'on the other hand'.

[campfiar]

Really starting to lose faith in HS Dent. Was all in due to Harry's Dow 30,000 prediction (Next Great Bubble Boom) when the market tanked in 2008. Got all out July 2009 when Harry (in a video like this one) backtracked on his target of DOW 10K. If licensed advisors made these kinds of mistakes they would go to jail.

[harrydentfam]

you have the same name as me Harry Dent

[eliasmouawad]

@ABETRMAN Search for "DEBT SCARY COMPARISONS"

[Ellipsis10]

in the Revised version of the Great Depression Ahead you guys wrote that the market would crash between December 09 and February 10. The market closed at 10,300+ for February.....The real questions is: will the economy be able to sustain itself once the bailout money drys up?

[bigmat59]

When is the next update?

I'm from France.

[ABETRMAN]

@bestgtor22

We Are In Depression Now.

Dents Timing Is Bad But His projections Seem To Be Spot On.

[hsdentfinancial]

karenbcz22,

As replied to bakabusu, we were forecasting markets much higher. Our analysis starts with demographics (people at each age and stage of life), then goes to economic change, and finally to the markets. Throughout the 90s and 00s we had more spenders who did drive the economy higher. It did not, as we anticipated, drive the stock market higher, it instead showed up in housing, our incredible appetite for imports (leading to foreign country growth) and commodities.

Rodney Johnson

[bestgtor22]

Dent is right just look at Japan who was supposed to be unstoppable they said in the late 80's and they have been bottom bouncing ever since due to aging demographics with a huge loss in their market and real estate and the rest due to demographics. We will be in Depression soon.