Harry Dent Explains Why He Was Wrong

By on November 14, 2010

Harry Dent recently posted a video update at YouTube.com. He explains what went wrong with his prediction in July of an impending market meltdown and explains the Fed’s Quantitative Easing (QE) program.

SMA Comment: Dent still seems to believe, or at least give the impression, that he can predict direction of the market despite numerous failures to actually do so. There are far too many variables at play and ways in which the powers that be can influence market direction for anyone to forecast future stock prices.

One Comment

  1. ash psychonomyst

    November 19, 2010 at 2:34 am

    Gee Harry, why do you have to speak to us like we're 3rd graders? Most people by now already know what quantitative easing is and understand the measures the Fed has taken. If they don't know about this then they shouldn't be making calls on the market!
    Bernanke stated in late august that the Fed stands ready to unleash further accommodation to support the markets. Yet it has taken you until mid November to change your market call based on what Bernanke stated 3 months ago!!!
    Harry you're a brilliant guy with excellent incites, I'm always interested in what you have to say. However, when it comes to calling the market you can't be living inside a shell, you need to account for external factors and you need to think ahead, not way after the fact!

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