After signing up for Dent's Boom & Bust newsletter, I have received several reports and forecasts that point to gloom and doom however, then Harry comes out today with a special newscast at noon stating that he now sees the US stock market rallying big time into the end of this year/2011. This is just the opposite of what he's been pumping in his Pitch Black Fear driven commercials nationally broadcasted last month and month before. Hmm, is Harry Dent just another hyper trader gone wrong? And why does Harry now say he doesn't see gloom and doom for another several months and has now moved his forecast from Fall 2011 to sometime in 2012? Just a month ago, Dent was certain that we faced DOW 3,000 sometime this year and at minimum a monster crash that would lead us down to DOW 3,000 in the near future. TODAY HE'S SAYING JUST THE OPPOSITE. HE STATES IN HIS SPECIAL NEWS ALERT THAT WE ARE NOW GOING TO RALLY IN GOLD TO 2,000 AND RALLY EVEN MORE IN THE US STOCK MARKET INTO HIGH 1200s AT A MINIMUM. Wow, this guy is all over the place. We traded on his past two months of ETF and stock picks and have lost over $6,000, approximately 12%. He only made one good pick out of 5. That's a 20% batting average so far. Hell, my pet monkey does better than that, lol!
I think harry was right about the economy and wrong about the FED and STIMULUS manipulation. The one price that is not so manipulated (housing)is a sign of where we should and eventually will be. The US will not be competitive again until housing/wages are cheap and our cost of Government and it's level of interference are at the absolute minimum