JKC1967

How Low Can This Market Go? The 40 Percent Solution

Dent is Harry Dent. His theories essentially revolve around demographics, tying stock market performance to demographics, and he does predict a major crash and depression as the Baby Boomers start to retire in large masses (around 2010). HOWEVER, he has also written books called "The Next Great Bubble Boom: How to Profit from the Greatest Boom in History: 2006-2010." Below is a summary from Amazon of his predictions of how this decade would end. As you can see, ole Harry was probably a wee bit off the mark! Just goes to show the importance of being diversified across asset classes, instead of listening to every two-bit "expert" out there!


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The Dow hitting 40,000 by the end of the decade

The Nasdaq advancing at least ten times from its October 2001 lows to around 13,500, and potentially as high as 20,000 by 2009

Another strong advance in stocks in 2005, with a significant correction into around September/October 2006

The Great Boom resurging into its final and strongest stage in 2007, and even more fully in 2008, lasting until late 2009 to early 2010