A very welcome update by Harry S. Dent. Harry Dent now believes that the QE2 is giving more legs to the bear market rally that started in March 2008. He expects a correction around mid November but believes it's going to be a buying opportunity. He also believes that the Nasdaq might reach its 2007 highs with this unprecedented monetary policy action.
In my opinion, it's not unprecedented, but just another remake of the actions during the Great Depression when the US government devalued the US dollar in terms of gold.