Harry Dent: Stocks to crash 40% by April and won't rebound for decades, here's why (Pt. 1/2)

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Watch part 2 of this interview on gold: https://youtu.be/uLQUGpHQmug

The cyclical bull market for equities is over; after December, stocks will begin a secular multi-year decline, starting with a 40% correction by April, said Harry Dent, founder of HS Dent.

“If we see another new low in the stock market, I predict we are not going to see new highs on the Dow, S&P, NASDAQ, biotech, you pick anything…you’re not going to see new highs on anything for decades,” Dent said. “You didn’t see new highs after 1929 for 24 years.”

0:00 – Consumer spending
6:28 – End of economic recovery
9:15 – Stock market crash
13:05 – Triggers for the crash
17:29 – Buy stocks at low?
18:10 – What happened to Japan in the 1990s?
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25 Comments

  1. Lol. Gold miners already crashed 50%….the average investors nightmare scenario is normal for any gold miner investor….you don't need to look at juniors. Just look at Newmont and Barrick.

  2. OOps, too bad he keeps threatening to quit, he's been wrong so long that no one wants to hear it and most hope that he will quit.

  3. His first prediction turned out to be somewhat correct: the Nasdaq was down 20~30% from the peak. Not sure about his second prediction: no rebound for decades. Anyway we are now in a technical recession (as of Aug-2 2022). If the unemployment rate goes up, then we are in a real recession. The unemployment (layoff) will crash all asset classes including housing market.

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