Sunday, January 22, 2006
The lone individual who predicted the historic stock-market expansion of the 1990's sees an even bigger "bubble" coming, starting late 2005 and running through 2010. With housing "deflating," Harry S. Dent sees no where for money to go except into the stock market. The real estate market has peaked accordingly and prices will "flatten," while stocks boom. A major depression is predicted for 2010, once the latest and last bubble bursts. He predicts that the economic downturn will be worse than that of the 1970s but not as great as the Great Depression of the 1930s. How's your 5-year portfolio looking?