S&P 500 to Fall 30-50% in 2012, Harry Dent Says!!!!

S&P 500 to Fall 30-50% in 2012, Harry Dent Says - Video - Bloomberg

Dec. 30 (Bloomberg) -- Harry Dent, founder of economic advisory firm HS Dent and author of "The Great Crash Ahead," and Bloomberg Businessweek's Peter Coy talk about the U.S. economy and investing. They speak with Pimm Fox on Bloomberg Television's "Taking Stock." (Source: Bloomberg)

Pretty tall 'prediction'. Lets see ...




S&P 500 closed @ 1,257.60 on Dec 30, 2011

Go tell him...



Time to make a career change for Harry Dent! :shock:



As usual, all "predictions" in financial markets go only to one place - dustbins & drains.


If predictions worked in financial markets then astrologers would have been the richest!
Unfortunately, stock markets are NOT for predictions.

Remember...

“If stock market experts were so expert, they would be buying stocks, not selling advice.”

- Norman Augustine


So next time, when you see some guru on TV predicting about market, know this for sure -

“If I have noticed anything over these 60 years on Wall Street, it is that people do NOT succeed in forecasting what is going to happen to the stock market.”

- Benjamin Graham


Happy New Year 2013!
- take care

😀 are you even a technical analyst?