Harry Dent Blog | I’m Not A Bull! | Talkmarkets
Founder, Dent Research
Contributor's Links: Economy & Markets

Harry S. Dent Jr. studied economics in college in the 1970s, receiving his MBA from Harvard Business School, where he was a Baker Scholar and was elected to the Century Club for leadership excellence. Harry grew to find the study of economics vague and inconclusive and became so disillusioned by ... more

I’m Not A Bull!

Date: Friday, December 23, 2016 10:27 AM EDT

On December 13, Denzel Washington hit the nail on the head when he said:

If you don’t read the newspaper, you’re uninformed.

If you DO read the paper, you’re misinformed…

We live in a society now where it’s just “get it out first!”

We don’t care who it hurts.

We don’t care who we destroy.

We don’t care if it’s true.

Just say it!

Sell it.

And I’ve been victim of this same media mentality since I issued my Mea Culpa last week.

Somehow the media has decided that my admission of mistiming the market very short term was a switch from a perma-bear to a bull.

Seriously!?

Do these people read any further than their nose?

What about common courtesy or due diligence?

So far, only one media personality has phoned me for an interview on this so-called switch, and when I explained what I’m about to explain to you – in the hopes to be crystal clear about this – the interview turned into a non-starter!

How much more clearly can I say this?

You can see in the original article, (excerpt below), that I was pretty clear when I sent this note out.

I still believe the markets are due for a massive correction. Nothing has changed on that front.

Me going from “perma-bear” to “bull” couldn’t be further from the truth. And I am anything but a perma-bear if you look at my forecasts back to the 1980s forward.

Yes, this delusional Trump rally looks real for now. But it also looks more clearly like a final blow-off or 5th wave rally from the third and final bubble since March 2009 that is only likely to last months at best, not years.

Nothing has changed in the fundamentals of aging in demographic trends, massive debt burdens, and the imminent Italy debt default and the uber-Chinese real estate bubble burst.

Nothing has changed in the trends my four key cycles are currently moving through that all point down into early 2020. This has only occurred twice in the last century: in the early 1930s and early-t0-mid 1970s.

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