Harry Dent
DJIA
In this post by Henry Dent, from Wall Street Daily, Harry Dent as with other researcher at Wall Street: Weiss, Strasberg, predicts a financial collapse: Dow Jones Industrial Average (DJIA) which is enjoing a high, a bull run, could crash by 70% down to 3,000 wiping out wealth and savings of many investors. This is scary and horrific.
Harry Dent made several correct prediction on financial markets: crash, rally etc. We expect him to be right again.
In a typical Ji- Wei (there is opportunity in crisis), Dent proposes many strategies:
l. Hold on to cash;
2. Use cash to buy fire sale assets
3. There are other books he sells for investors not to lose to profit and gain from this crisis. (We know that this a pitch)
The causes of this crisis are all familiar.
l. High unemployment;
2. The subprime mortagages
3. High govt deficit spending (that is just $l.3 trillion but could ballon to $3 trillion)
4. High public and private debt.
Harry Dent Predicting Dow Jones Crash
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