Monday, September 21, 2009

Markets at dusk?

In his book The Great Depression Ahead (Simon & Schuster, January 2009) Harry S. Dent, Jr. predicts the following:

The economy appears to recover from the subprime crisis and minor recession by mid-2009 — "the calm before the real storm."

Stock prices start to crash again between mid- and late 2009 into late 2010, and likely finally bottom around mid-2012 — between Dow 3,800 and 7,200.

This points to a sr. dent in the markets right ahead of us, or a jr. dent in soothsaying right behind us...

Image: Boston at dusk, view from the 13th floor. Photo by il.

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