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.”
Harry Dent Oct 2009 Economic Update
25 Responses for “Harry Dent Oct 2009 Economic Update”
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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?
When is the next update?
I’m from France.
@bestgtor22
We Are In Depression Now.
Dents Timing Is Bad But His projections Seem To Be Spot On.
hmm interesting I still have the roaring 2000s so maybe when the increasing population of 40-50 yr olds, i should look at housing, exporters, and commodities to invest. sorry for the negativity. I still listen to Dent and my dad def respects him.
And hey there has been a correction in late Jan just like Mr.Dent has said.
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
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
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.
he is as good or better than most forecaster
destiny666,,,,hahaha going up or going down…he just trying to be a smart guy..forgive him…I wonder how much he makes this.guy..
DOW seems to be levelling off. It’s managed very little increase in the last month. It could start down from here soon. It will be interesting to see the year end earnings as they come through over the coming weeks. ALCOA have already disappointed.
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
In fact, he said DOW 20,000 in 2009!
Ugh!
:>(
Destiny:
I thought you were a heckler. But I just googled “harry Dent DOW 20,000″ … and sure enough!
Ugh!!
:>(
Search for “CIA NEW FIASCO” amazing
wasn’t the Dow going to hit 30-40,000 in 2009 Harry?
this is hilarious !!!
I agree there is a correction yet to come. Interest rates at near 0% gets the consumer to spend. More people are overspent with huge debt. In Canada, people are spending 140% of their yearly salery. Stats show housing is up for Nov 73% from last year, with first time home buyers leading. Now the average home owner payes 70% of their salery to their mortgage. Guess what’ll happen when they get in trouble.
poor Harry is running out of time for his prediction to come true … good old 0Nostramus … sounds on a fence a little in this video …
2 scenarions Harry … the market will go up … or it will go down …
might wanna check your charts …
sooo funny …
Listen to this guy people….. he is genuine
But, but, but… green shoots!
why don’t cnbc and the others get all people who said what the market was going to do and when they are wrong bring them back on t.v. and say you were wrong… they would never do that…. ..
Years ago I enjoyed the book ‘Future Shock’ and I enjoyed Harry Dent’s offerings as well. But pulling the trigger on something and using predictive information to make money is something I haven’t done. The only thing I did was sell my house early on from the information I gathered from my readings. That paid dividens. I am intrigued, however, at the possibility of seeing into the future, thus making huge sums of money as a result. As stated, though, it’s sometimes hard to pull the trigger.
The market is still going up because people at wall street think 14 to 16 months ahead.But I forsee this high unemployment rate which I see going beyond 14% will catch up with wall street somewhere between May and November of 2010.When wall street sees unemployment getting worse there start selling off.
this dude is on the Ball nice work keep it coming
WW3 will start in October 2010.
I suspect that a weak dollar, hidden inflation, and flawed/fraudulent bank accounting is the best explanation for the market. The banks have hundreds of billions or trillions of absolute garbage commercial loans that are being accounted for assets.