| Subject: | RE: Harry Dent |
|---|---|
| Date: | Fri, 14 May 2010 08:14:34 -0700 |
| From: | Jas Jain |
AB: "Hi, Jas, I would be interested in hearing your thoughts on Harry Dent's latest forecast. It is attached. Thanks!"
Dent (from the report):Contrary to what we originally thought would happen, the markets keep edging up with no sign of a top...Summary Forecasts:1. After a near-term correction in May, stocks are likely to continue to edge upward into late June or more likely into late July or August, with a target as high as 11,800, followed by a steepcrash to as low as 3,800 by December, or perhaps early to mid-2011.2. Ten-year Treasury bond yields are likely to spike to near 6% by year end; that is likely to occur more from July or August onward.
Dow 40,000, Nasdaq 20,000 by 2009; Harry Dent predicts a 'New Millionaire Economy'
The guy is an imbecile. In a country full of born-and-bred dopes there is a big demand for bad economic and market forecasters. Worse the forecaster bigger the audience! Dopes are addicted to the dope and born-and-bred American propagandists are the best at providing it. Even Warren Buffett is now in the propaganda business!! You can save yourself a lot of time by ignoring ALL born-and-bred American dopes in economic and market forecasting business. One Canadian, David Rosenberg, is better than all the born-and-bred American dopes combined.
Jas
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