May 11th 2010 Update.wmv

The Dow Jones Industrials Average fell by the largest amount in its history on Thursday, May 6th. Is this a precursor to a major crash in the equity markets? Have the problems of Greece, Spain, Portugal, and every other over-indebted country finally begun to infect other markets? Harry S. Dent, Jr. addresses this topic and explains his outlook for the months ahead.

Category:

Education

Tags:

• May
• 11th
• 2010
• Update

[fritzmoca1]

Harry, Please just simply reply to the repeating comments on this blog: why did you say in your March video that you wouldn't want to be in the markets in May no matter what your indicators say? Why do you use different indicators in your book vs your newsletter? (that excuse just lowers you down to infomercial level) Why have any long term indicators if you don't stand by them when the going gets tough?

[hsdentfinancial]

@fritzmoca1

In the March update Harry said he "... would almost not want to be in the Markets after May no matter what the technicals say." Right now the technical indicators that he follows show a very strong divergence in underlying buy/sell activity among issues and the fall in the indices. Which means he believes there is a very strong opportunity for another run at 11,300 or so. As an aggressive investor, he is waiting for the markets to make another run at that level.

[MrYatesj1]

So it seems about time for Dent to put another video out.

[MrYatesj1]

Gez it took 2 weeks for the market to inch below the S&P 1040 and 3 days to shoot right back to 1080. I am hearing more good than bad these day so I am more confused than ever. China looks good ( soft landing looks true) , EU we will see, Bush tax breaks might be back ( very positive), it is earning season so... And all of this is not taking housing in to consideration or hyperinflation. Great way to get old way to fast, all for a buck. Haha

[MrYatesj1]

@NOSYRB10656 Thanks for your input sir. I had a different understanding but of course you are knee deep in the truth. So you are saying these ARM's were not refied during the last year as the gov was throwing money at people who got themselves into these problems? I am surprised and somewhat happy as I still don't own a home. Sounds like it will be my turn within a year or two.

[NOSYRB10656]

@rickkluga Peter Schiff

[NOSYRB10656]

@MrYatesj1 I have been in real estate for 10 years. We usually generate 200 leads per month off our listings. This month 45 total. Option ARM's have not started to reset yet. It starts now. The banks are holding huge ghost inventory. Prepare for yourself and your family. Hard times ahead.

[MrYatesj1]

Not sure the housing crash is just getting started I kind feel the worst is behind us. Where are you getting your data?

[aspenmogul]

Housing is CORE. The housing crash is just getting started. When some guy thinks his home is worth $500,000 and one day some realtor tells him it's worth $250,000, then you will see panic sellers big time and a depression state of mind.

[boottom]

Harry do you think this is the drop you were talking about now? all signs are down and it looks like you are going to be right. Thanks for the continual updates.

[destiny6666]

and when I say made a fortune, I dont mean from trading, from books and newsletters etc etc ...