When/if the market does tank, Democrats will, successfully (with the lapdog media), pin the cause on the Republicans’ failure to pass the BBB boondoggle.
I don’t doubt it will eventually happen, but wake me up when Nancy & hubby sell off their holdings.
A guy I follow on YouTube is predicting more correction, then a new high with the massive crash coming in the 3rd or 4th quarter. I dont think the FED will let a crash happen before Congressional Elections.
Suckers will sell.
Smart folk will continue to buy and hold.
We are crashing. Slowly. Most believe it will be a sudden drop or rise, as in prices but actually when the country tanks and the economy goes south it’ll take many years. We’ve already been in a downward direction. Trump leveled us out and now we’re heading back down with nothing in the way to stop it. If we have to endure another year, we’re doomed. There’ll be NO bringing us back except total collapse.
Harry Dent also predicted the DOW would reach 30,000 when it was only 6,000. It took him about 20 years to be right on that one.
Harry Dent does not have a good track record. Just sayin’.
Harry Dent is the quintessential example of “If you say it long and often enough, it will eventually happen”.
He predicted the 2000 stock market crash without telling us when it wouls happen, 5 to 6 years before it happened.
Yeah, right. Yawn.
Ah, good old Harry Dent. I learned a lot from his first book, and made some major money off what I learned. I still apply the principles from that book today to the housing and land markets.
Unfortunately, he went off the rails after that and has predicted about 6 of the last zero crashes. Predicting one now is easy, everybody is doing it. Which means it’s probasbly 50/50 and depends on what qualifies as a crash.
The good part of course is what happens after crashes so I’m OK with the occasional needed flushing of the toilet as it were. Reagan was considered a very successful president and he had two crashes/recessions and 21% interest rates at points of his presidency.
Today there is general panic over any hint of one.
Harry Dent? Isn’t that Two Face ?
I used to follow Dent back during the Dot Com bubble.
He really hasn’t changed his story much.
Why not 84% or 88%?
These perma bears are hilarious. And no the stock market isn’t going to drop like it saw in great depression levels. Why would it? It didn’t drop that much in 2007-2009?