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Apr 05
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Forecaster Harry Dent has made a big splash after he came out with a bold prediction that a Major Crash is around the corner.
Harry Dent Dow Forecast : Harry Dent Stock Market Forecast
Harry Dent has looked at his charts and predicts the Dow will trade as high as 13,200 by mid-summer 2011 and the S&P 500 as high as 1430, or more-than 7% above current levels.
“Then we could see another major crash,” Dent says, forecasting the Dow could trade as low as 3300 in a worst-case scenario. “Bubbles go back to where they started or a little lower,” he says. “The stock market bubble started at (Dow) 3800 in late 1994.”
Harry Dent Gold Forecast : Commodities Forecast : Oil Forecast
Dent predicts the Dow’s crash will play out over several years, he foresees present danger in gold, silver, oil and other commodities. “All investors should lighten up on or sell oil, silver, and gold as the U.S. dollar looks like it has bottomed and should rise ahead,” he writes in the March issue of HS Dent Forecast.