Sunday, July 18, 2010

Stimulus over?

Harry Dent update for July 2010

Harry says market is toppy.. Dow resistance around 10,380 t 10,400, which he posted on July 13th. I have a print of 10,422 on the 15th and as of Friday close we are around 10,100. Around 6mins for his near term numbers. 6.45 : the humpty dumpty quote. He predicts a crash to this year - thinks GDP will disappoint- end of month. For balance, he is a site mentioning his prior record.: http://www.youtube.com/watch?v=_D2RzRoQI7g Best to watch both... He also makes some comments below the vid....

Posted by techieman @ 03:12 PM (1735 views)
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9 thoughts on “Stimulus over?

  • here is the other vid:

    Recaptcha : unleash Mr

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  • I trust octopus Paul but not any one of these Securities Analysts.

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  • lol simon.

    Its really not the calls that are the issue, its the reasons why he believes it.

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  • little professor says:

    Who is this guy, and why should we care what he thinks?

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  • LP – fair point – made by video at 1. Did u watch the videos?

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  • In 2004 he predicted the DowJones could go as high as 35,000 or 40,000 by late 2008 or early 2009. Brilliant.

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  • The last 10 seconds of that vid sums it up nicely, thanks

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  • yes fubar – the form [direction] is the issue though, and why people get it wrong. If it was easy….. we would all make more money than god!

    Anyway maybe he’s a bit better now?? He got the prior call in may (that there would be new highs) wrong too. form right but extent wrong. He probably has the extent of any decline wrong too.

    That is why i posted the other video. Caveat emptor.

    From the comments:

    Debt deflation, or deleveraging, is not the same as true deflation, which is a true decrease of the money supply. Why? The price of necessities (food mainly) will continue to rise.
    September 2010 will start the next leg of the decline.

    his response:
    We are experiencing a true decline in money supply. Money is created through 1) printing by govt and 2) fractional reserve when deposited funds are lent. The Fed is printing, but borrowers are paying back loans either by choice or by force (foreclosure) – see Fed Reserve Z01 report on total credit outstanding, it has declined by more than $2 trillion in last two years. We expect it to continue.
    hsdentfinancial 4 days ago

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  • The thing with these kind of characters is that they are usually better on graph shape than on precise timing five years ahead,

    The “you can’t time the market” philosophy of “buy and hold” is also a croc of sh1t – this forum having more than a few who know it can be done though not too accurately.

    We have a multi year, highly volatile, bear market in progress ….. “buy and hold” for equities and property …. any takers? Thought not.

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