Will the dow drop to 6,000?

[Phoenix7]

Harry Dent , a noted economist , says : "We'll see a historic drop to 6,000... and when the dust settles - it'll plummet to 3,300. Along the way, we'll see another real estate collapse, gold will sink to $750 an ounce, and unemployment will skyrocket... It's going to get ugly."
Obviously Harry Dent is not a member of the Optimist Club LOL!
Anyone care to comment on what Harry says?

[seabric1]

I feel if he had a crystal ball, he wouldn't have to write and sell books. His latest book is all "doom and gloom" so I'm not surprised that he's trying to sell that theory.

From WIKI:
In his 2006 work, Dent predicted, “The Dow hitting 40,000 by the end of the decade, the NASDAQ['s] advancing at least ten times from its October 2001 lows to around 13,500, and potentially as high as 20,000 by 2009 … The Great Boom['s] resurging into its final and strongest stage in 2007, and even more fully in 2008, lasting until late 2009 to early 2010.” None of these predictions turned out to be true. In 2011 and 2012, Dent made new predictions on the state of the Dow Jones Index and the S&P 500 in both the short and long term.[6] Among these was a prediction that the S&P 500 would fall 30-50% inside of 2012. However, the S&P 500 ended the year 2012 up 13.4% [7]

[Phoenix7]

I feel if he had a crystal ball, he wouldn't have to write and sell books. His latest book is all "doom and gloom" so I'm not surprised that he's trying to sell that theory.

From WIKI:
In his 2006 work, Dent predicted, “The Dow hitting 40,000 by the end of the decade, the NASDAQ['s] advancing at least ten times from its October 2001 lows to around 13,500, and potentially as high as 20,000 by 2009 … The Great Boom['s] resurging into its final and strongest stage in 2007, and even more fully in 2008, lasting until late 2009 to early 2010.” None of these predictions turned out to be true. In 2011 and 2012, Dent made new predictions on the state of the Dow Jones Index and the S&P 500 in both the short and long term.[6] Among these was a prediction that the S&P 500 would fall 30-50% inside of 2012. However, the S&P 500 ended the year 2012 up 13.4% [7]

Wheeeew! I can breath much easier LOL Thanx Srabrici

[mrmarket]

Harry Dent , a noted economist , says : "We'll see a historic drop to 6,000... and when the dust settles - it'll plummet to 3,300. Along the way, we'll see another real estate collapse, gold will sink to $750 an ounce, and unemployment will skyrocket... It's going to get ugly."
Obviously Harry Dent is not a member of the Optimist Club LOL!
Anyone care to comment on what Harry says?

Harry Dent is an assclown.

[Louetta]

Tom Gardner, CEO of Motley Fool, is predicting at least a 10% correction by the end of the year.