2012-01-15

Harry S. Dent's January 2012 Market Update

Harry S. Dent published his market forecast for the coming year on January the 11th (available on YouTube).

Summary:

  • Time to get out of stocks NOW.
  • Austerity is the right policy from his point of view, even if it means short term pain, but can avoid long term insolvency.
  • Worldwide slowdown coming
  • 4,000,000 foreclosures in the pipeline, which banks have been holding down.
  • By the time the Fed reacts with Q3, it will be too late.
  • This looks like the final rally. Where do we top is the final question. 1371 is the top of the range they forecast.
  • The USD will rally while equities, commodities including gold, and real estate will fall massively.



3 comments:

Tiho said...

That guy has no idea! Following people with no idea, also do not help you very much either...

pej said...

I think he's been quite right actually. Do you have any particular example of when he was wrong?

Tiho said...

yeah: total newb when he predicted a recession in August 2011 and a total market collapse... just like you really.

I still remember your quote: "US economic indicators are collapsing and we are now in a recession."

Just like that guy Mish Shedlock too. Total news man. These people have been predicting a recession in 2009, 2010, 2011 and now again in 2012.

Eventually it will come, but in the mean time S&P 500 has gone up from 666 to 1350. More than doubled!

Total newb man!