Economy & Markets
Post on: 27 Июль, 2015 No Comment
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Driven by unprecedented levels of Fed stimulus, the Dow finally crossed the 17,000 mark just as world-renowned business strategist Harry Dent predicted they would.
However, Harry also predicts that the partys almost over
Based on his pioneering research, Harry predicts that this is the peak. The markets will soon collapse like never before, ultimately plunging as far as 6,000 by the end of 2015. And this time the Fed wont be able to do anything about it no matter how many billions Janet Yellen pumps into the system.
Why should you listen to Harry Dent?
This is the most important forecast from the Harvard-educated business strategist and best-selling author who predicted nearly every major boom and bust of the last 25 years. For example
In his 1989 book, Our Power to Predict, Harry foretold of the economic collapse that hit Japan in 1990.
Then in The Great Boom Ahead, he predicted Americas completely unanticipated boom at the end of the 20th century.
In February of 2000 at the exact moment the tech bubble peaked he released an alert to his readers, warning them to get out of Internet stocks.
And in 2011 months before the euro zone crisis began he sounded the alarm of the coming European fiscal nightmare.
Each time, the experts said he was wrong. Each time, he was exactly right.
Why the Dow Jones Industrial Average is on the Verge of Collapse Even as it Continues to Set All-Time Highs
Harry predicts the Dow will ultimately top out between 17,000 and 17,200. After that, its all downhill
This uncanny ability to predict the most pivotal economic events comes from 30 years of groundbreaking research, during which he studied every major bubble of the last four centuries. From the Dutch tulip bubble (16341637), to the South Seas bubble (17191722), to the Roaring Twenties/Great Depression (19201943), to the Tech/Real Estate bubble (19902012), no one understands cycles and bubbles better than Harry Dent.
His diligent research has uncovered four unavoidable, long-term economic forces that are about to deal a devastating blow to the market. These cyclical patterns collided only once before in the last 100 years during the depths of the Great Depression, between 1930 and 1934.
Thats why there will be a shattering slowdown beginning this year and lasting into the 2020s.
But knowing that a crash is coming is the first step toward protecting yourself from its effects.
Here is what you can expect in the coming months:
Unemployment will remain high.
Housing prices will fall an additional 30% to 40%, despite the biggest stimulus plan in history and the lowest mortgage rates in 40 years.
State and municipal governments will be forced into default, especially at the city and county level.
Commodities will continue to fall, with gold dropping to $750 an ounce and oil plunging to $20 a barrel.
Chinas bubble will burst rather quickly.
Europe will remain weak, especially as Germany careens off its own demographic cliff.
All of this will put the major equity indices on a volatile roller coaster ride that could end with the Dow losing as much as 70% by 2023.
So the time to prepare is now.
In his exclusive report, The Path to Dow 6,000. Harry Dent explains how much more upside there is for stocks. More importantly, he gives you all the information youll need to survive the coming crash and prosper in its aftermath.