- DOW 6000
- Real estate will plummet 30-50% and remain stagnant for decades
- DOW 6000
- Real estate will plummet 30-50% and remain stagnant for decades
WOW!@!!!!!!!
that's show bidness
Yup, he predicted eminent doom back in 2011, says so in his book. If you'll just subscribe to his newsletter he'll tell why "eminent" is really 2+ years, and it's really going to happen this time.
Scare tactics to try to sell his newsletter.In 2004 he said that the Dow would reach 40,000 by 2009. Beginning of 2012, he said the S&P 500 would decline 30% to 50% during the year. The S&P ended the year up 13.4%.Read this - http://www.freerepublic.com/focus/f-news/1269555/postsSo, he predicted in 2004 that the Dow would hit 40,000 by 2009 -- HA! 2009 was an extreme alright...extreme LOW, hitting ~6400 in March 2009.He has NO credibility.
Here We Go Again wrote:
http://www.harrydent.com/- DOW 6000
- Real estate will plummet 30-50% and remain stagnant for decades
Flagapole - He may just be right this time and if he is, people are going to lose everything. Better to be safe than sorry.
Flagpole wrote:
Scare tactics to try to sell his newsletter.
In 2004 he said that the Dow would reach 40,000 by 2009. Beginning of 2012, he said the S&P 500 would decline 30% to 50% during the year. The S&P ended the year up 13.4%.
Read this -
http://www.freerepublic.com/focus/f-news/1269555/postsSo, he predicted in 2004 that the Dow would hit 40,000 by 2009 -- HA! 2009 was an extreme alright...extreme LOW, hitting ~6400 in March 2009.
He has NO credibility.
He is Two-Faced. Wait, that's his brother.
Lorenzo the Magnificent wrote:
He is Two-Faced. Wait, that's his brother.
Yeah, I don't care what Harry Dent has to say about the market. I want to know what Harvey Dent has to say about saving Gotham!
Nah. A pullback perhaps, but all the way to as low as 3300 (which is what that link says he predicts). No way.And, what if it does? I'll keep my shares, not sell anything, and watch as a 3300 DOW amps back up to 15,000 or more in 4-5 years, taking not only dividends the whole time but also gains on invested money.I'll have to assume I will lose some of my clients if there's that big of a drop, but it's unlikely my wife's college professor job will go away, so we'll cut our lifestyle a little and ride out the storm to riches on the other side (just like I've done since March 2009).He's not right though.
Here We Go Again wrote:
Flagapole - He may just be right this time and if he is, people are going to lose everything. Better to be safe than sorry.
Flagpole wrote:Scare tactics to try to sell his newsletter.
In 2004 he said that the Dow would reach 40,000 by 2009. Beginning of 2012, he said the S&P 500 would decline 30% to 50% during the year. The S&P ended the year up 13.4%.
Read this -
http://www.freerepublic.com/focus/f-news/1269555/postsSo, he predicted in 2004 that the Dow would hit 40,000 by 2009 -- HA! 2009 was an extreme alright...extreme LOW, hitting ~6400 in March 2009.
He has NO credibility.
[/quote]Flagpole wrote:
Nah. A pullback perhaps, but all the way to as low as 3300 (which is what that link says he predicts). No way.
And, what if it does? I'll keep my shares, not sell anything, and watch as a 3300 DOW amps back up to 15,000 or more in 4-5 years, taking not only dividends the whole time but also gains on invested money.
I'll have to assume I will lose some of my clients if there's that big of a drop, but it's unlikely my wife's college professor job will go away, so we'll cut our lifestyle a little and ride out the storm to riches on the other side (just like I've done since March 2009).
He's not right though.
Here We Go Again wrote:
Flag, why not stop loss out, then short your stocks on the way down and cover at the bottom and buy back in? That would make you WAY more money, with which you'd be able to buy over 2xs the amount of original shares that you originally held and then ride that up to $15,000?
Stop losses are a sure way to financial disaster.
question for ya wrote:
Flag, why not stop loss out, then short your stocks on the way down and cover at the bottom and buy back in? That would make you WAY more money, with which you'd be able to buy over 2xs the amount of original shares that you originally held and then ride that up to $15,000?
college kid wrote:
Yeah, I don't care what Harry Dent has to say about the market. I want to know what Harvey Dent has to say about saving Gotham!
Took me until this post to realize we're NOT talking about Batman.
You don't sell investment books on the internet by predicting moderate growth. The current stock market is actually underperforming when you look at the value of the market in inflation adjusted dollars. Companies on the market are making real profits and not just pumping balance sheets with junk. Sure, there are risks out there. But, there are also fundamentals that are looking better than they have in a long time. There will always be attention whore doomsday predictors who are trying to make a fast buck.
Precious Roy wrote: There will always be attention whore doomsday predictors who are trying to make a fast buck.
No doubt. Dent's even got a "banned" video that's viral so you can learn about all the stuff his newsletter and book say will happen.
If you'll just buy them.
Keith Stone wrote:
Precious Roy wrote: There will always be attention whore doomsday predictors who are trying to make a fast buck.No doubt. Dent's even got a "banned" video that's viral so you can learn about all the stuff his newsletter and book say will happen.
If you'll just buy them.
Can you provide the link? thanks
harry dent is not worthless. some of his demographic analyses are interesting, and his other analyses would be fine if he could factor in how much money printing mitigates deflation. (and yeah, I quickly read some of his book at some point. it is sitting on the floor in my car)
obviously you can't necessarily rely on his short term predictions, given that he has been predicting doom for the last 3(?) years. Glad I ignored him 2 years ago. (when I say "necessarily", who knows if he is right this time or not? we may top out and we could have trouble based on fundamental drivers and random events.)
Exactly right!
Precious Roy wrote:
You don't sell investment books on the internet by predicting moderate growth. The current stock market is actually underperforming when you look at the value of the market in inflation adjusted dollars. Companies on the market are making real profits and not just pumping balance sheets with junk. Sure, there are risks out there. But, there are also fundamentals that are looking better than they have in a long time. There will always be attention whore doomsday predictors who are trying to make a fast buck.
1) Sure way to financial disaster as someone already said.2) The reason WHY #1 is true is that in order to be successful doing what you've suggested is that you have to be correct about a huge drop like that, and then you have to be pretty sure when it's time to buy back in again. No thanks.3) The BEST way to hedge against a dropping stock market, especially in retirement, is to have NO debt including a paid for house that you live in, either 1-2 years of expenses in cash OR a big position in bonds (40-60%) OR income-producing real estate, OR just have such low expenses that you can live on Social Security or a VERY low portfolio draw for a while until the market comes back.
question for ya wrote:
Flagpole wrote:Nah. A pullback perhaps, but all the way to as low as 3300 (which is what that link says he predicts). No way.
And, what if it does? I'll keep my shares, not sell anything, and watch as a 3300 DOW amps back up to 15,000 or more in 4-5 years, taking not only dividends the whole time but also gains on invested money.
I'll have to assume I will lose some of my clients if there's that big of a drop, but it's unlikely my wife's college professor job will go away, so we'll cut our lifestyle a little and ride out the storm to riches on the other side (just like I've done since March 2009).
He's not right though.
Flag, why not stop loss out, then short your stocks on the way down and cover at the bottom and buy back in? That would make you WAY more money, with which you'd be able to buy over 2xs the amount of original shares that you originally held and then ride that up to $15,000?[/quote]
But, in order to be a guru, you have to have a decent track record. If you take a supposed financial guru and you have to say "who knows if he is right this time or not?" then you should know right there that you're dealing with someone who hasn't proven himself.
kpack wrote:
harry dent is not worthless. some of his demographic analyses are interesting, and his other analyses would be fine if he could factor in how much money printing mitigates deflation. (and yeah, I quickly read some of his book at some point. it is sitting on the floor in my car)
obviously you can't necessarily rely on his short term predictions, given that he has been predicting doom for the last 3(?) years. Glad I ignored him 2 years ago. (when I say "necessarily", who knows if he is right this time or not? we may top out and we could have trouble based on fundamental drivers and random events.)
HSD Follower wrote:
Can you provide the link? thanks
The link is in the first post, the video is on the front page.
Go to places like wnd, newsmax, and you'll see banner ads for "banned video that went viral from the man that predicted the last crash!". Clearly since he trolls around on free republic and advertises on and and newsmax he's already knows where all the gullible people are.