Harry Dent, "We Have $51 Trillion in Debt"

By on May 23, 2009

Harry Dent, interviewed on Fox by Neil Cavuto, said he sees one more upward thrust in the stock market around June and July. He advises investors to get out then. Dent indicated that this looked like a classic bear market rally and added that this is not an ordinary recession which we can get out of quickly. Dent said we will experience, “banking crisis after banking crisis,” and further stated it would take 5 years to get out of this situation.

Dent sees the Dow plunging below 5,000 between August and November 2010.

Source:

http://www.youtube.com/watch?v=HM-QiYgYNpk

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