Harry Dent Thinks We’re at the End of the Rally

By on September 19, 2009

Harry Dent was recently interviewed by IndexUniverse.com Editor Murray Coleman and expressed his belief the stock market would resume its decline next year. Longer term he sees the S&P 500 trading in a wide range of 300 to 1100.

Regarding emerging markets, Dent stated, “The strongest demographic trends – countries with growing workforces and growing consumer patterns – are going to be in the emerging markets. Latin America and much of Asia is largely urbanized: India is a little over 30 percent; China is just under 50 percent but Brazil is over 80 percent. So, emerging markets’ growth is very tied to this move towards greater urbanization.”

Dent’s favorite country over the very long term is India. In the article he also explains the structure and strategy behind his new actively managed ETF; the AdvisorShares Dent Tactical ETF (DENT).

Source:

http://seekingalpha.com/article/161822-harry-dent-india-a-better-long-term-bet-than-china
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