Born: 1950, South Carolina
website: http://harrydent.com/
- Dent has been criticized also by many economists for being downright wrong in several of his predictions. In fact, www.maxfunds.com, a financial reporting site awarded him the The "Ultimate Charlatan" Award. They write: "The worst investing advice usually arrives near the top and bottom of stock market cycles. Demographic trends guru Harry S. Dent is making the rounds again, and touting his latest book, The Great Depression Ahead: How to Prosper in the Crash Following the Greatest Boom in History ...." In his 2006 work, Dent predicted, “The Dow hitting 40,000 by the end of the decade, the NASDAQ['s] advancing at least ten times from its October 2001 lows to around 13,500, and potentially as high as 20,000 by 2009 … The Great Boom['s] resurging into its final and strongest stage in 2007, and even more fully in 2008, lasting until late 2009 to early 2010.” None of these predictions turned out to be true. In 2011 and 2012, Dent made new predictions on the state of the Dow Jones Index and the S&P 500 in both the short and long term. Among these was a prediction that the S&P 500 would fall 30-50% inside of 2012. However, the S&P 500 ended the year 2012 up 13.4%
- In advertisements in May 2013 Dent wrote, " But here’s the good news, extraordinary wealth can be made by knowing the future. In Survive & Prosper, my free e-letter, I’ll show you my economic analysis and demographic research that proves the DOW is about to make a historic drop. But that’s just the beginning, you’ll also learn: How to predict the economic future! Imagine if you knew when to buy stocks like Microsoft during the tech bubble for $.85 a share after factoring in splits – and watched it rocket to over $58, a better than 67-to-1 windfall. I will show how predicting and profiting from the future is a SCIENCE and is easier than you might have imagined."
predictions in 2006
No comments:
Post a Comment