I don't wan't anyone thinking I'm just a gloomy old doomsayer. My comments on the other thread is a WHAT IF....
So the other side of the coin....
Remember Harry Dent?
On Wall Street; January 01, 2004;
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On Wall Street
January 01, 2004
In June 2000, bull market poster boy Harry Dent called for the Dow to top 40,000 by 2008. Last year, he declined to be specific about 2003, but said he put out his strongest buy signal in October 2002.
According to Dent, the prolonged sell-off was right on schedule, and 2003's sharp recovery was its only logical conclusion. With the air out of the bubble, Dent says the Dow is still on track to reach 40,000 by 2009.
"We are seeing another very strong bull market unfolding from the bottom," he says. "This will end up looking better than the 1990's."
"People think what happened in the 90's is never going to happen again," he says. "But 2005 is going to be very strong, and 2004 is going to be very in between."
By "in between," Dent means a gain of only around 10 percent for the year. By the last quarter of the year, investors will have a tremendous buying opportunity.
"We will eat our hat if we don't see a new high in 2005,"