Harry Dent: Stock Market to Begin Collapsing Within 3 Months
“I can’t tell when a bubble is going to burst, when a grain of sand is going to cause an avalanche. But what I can tell you is when the trends are down, and they’re down very strongly over the next three years,” Dent stated.
Dent pinned the coming collapse on a bubble in Chinese real estate, along with global banking issues from giants like Deutsche Bank (DB) “flaming out” and “18% non-performing loans at Italian banks.”
Two and a half years ago Dent predicted the Dow would drop to 6,000 by 2016 [link].