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Re: nowwhat2 post# 797

Thursday, 06/24/2021 10:07:19 AM

Thursday, June 24, 2021 10:07:19 AM

Post# of 812
Cotton's a beaut WW!, makes great t/a calls but yeah
Fell in with a bad crowd ;)

His 2011 book goes on to suggest consumer spending will begin to plummet in 2012 with the Dow bottoming out somewhere between 3,000 and 5,600 in 2014. After hitting bottom, stocks will experience a mini-rally in 2015–2017 before falling into a final bottom during the 2019–2023 period, when the 45-50 age group troughs because the U.S. birth rate reached its own low in 1973.[4]In 2012 the "Dent Tactical Advantage ETF," symbol DENT, was de-listed having consistently under-performed the market for three years while at the same time charging an egregiously high 1.65% management fee.[5]In 2012, he began writing weekly articles for the free investment newsletter Survive & prosper, now known as: Economy & Markets, which offers investment advice guided by his belief that a major economic crash is inevitable and that it will drop the DOW all the way to 3,300. As of early 2013, he has amended his predictions slightly to an expectation that the financial crash will begin between the end of 2013 and the first half of 2014.[citation needed]In 2013, Dent predicted the market would crash again in the Summer of 2013 and would take a further year and a half to recover.[6]In 2014, while promoting his book The Demographic Cliff in Australia, he predicted a major Australian housing market correction beginning in 2014 after an even bigger one in China.[7] He also predicted that the price of gold would fall to USD$700 an ounce, and has since revised this prediction to 2017.[8]On December 10, 2016, Dent predicted that the Dow Jones Industrial average could fall 17,000 points as a result of Donald Trump's election win. Less than two weeks later, Dent reversed his opinion and thinks there is short term growth for the US stock market, but demographic forces will keep the economic growth stagnant in the longer term.[9]