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The best economic decline ever before will certainly happen this year, and investors will certainly be taking the "greatest threat of [their] life" if they do not market now in advance of a full market wipeout, claimed Harry Dent, owner of HS Dent Publishing.
Speaking With Michelle Makori, editor-in-chief of Kitco Information, Dent stated that danger assets will sell-off in waves, with the first wave seeing markets go down as much as 40% and the entire bearish market phase amounting to a loss of 90% for the S&P 500, like what took place to technology supplies throughout the Dot Com Bubble bust of 1999.
Comply With Michelle Makori on Twitter: @MichelleMakori ()
Adhere To Kitco Information on Twitter: @KitcoNewsNOW ()
Follow Harry Damage on Twitter: @HarryDentjr ()
0:00 – Boom and breast
3:22 – 90% market collision
15:47 – Financial investment implications
18:21 – Treasuries, demographics
20:45 – Cryptocurrencies
25:59 – Emerging markets
30:33 – Inflation/deflation
33:23 – Gold
#stocks #HarryDent #investing
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Stock markets to crash 90% this year, followed by best buying opportunity in lifetime - Harry Dent
The greatest financial downturn ever will happen this year, and investors will be taking the “biggest risk of [their] life” if they don’t sell now ahead of a complete market wipeout, said Harry Dent, founder of HS Dent Publishing.
Speaking to Michelle Makori, editor-in-chief of Kitco News, Dent said that risk assets will sell-off in waves, with the first wave seeing markets drop as much as 40% and the entire bear market phase totaling up to a loss of 90% for the S&P 500, not unlike what happened to tech stocks during the Dot Com Bubble bust of 1999.
Follow Michelle Makori on Twitter: @MichelleMakori (https://twitter.com/MichelleMakori)
Follow Kitco News on Twitter: @KitcoNewsNOW (https://twitter.com/KitcoNewsNOW)
Follow Harry Dent on Twitter: @HarryDentjr (https://twitter.com/HarryDentjr)
0:00 - Boom and bust
3:22 - 90% market crash
15:47 - Investment implications
18:21 - Treasuries, demographics
20:45 - Cryptocurrencies
25:59 - Emerging markets
30:33 - Inflation/deflation
33:23 - Gold
#stocks #HarryDent #investing
__________________________________________________________________
Kitco News is the world’s #1 source of metals market information. Our videos feature interviews with prominent industry figures to bring you market-affecting insights, with the goal of helping people make informed investment decisions.
Subscribe to our channel to stay up to date on the latest insights moving the metals markets.
For more breaking news, visit http://www.kitco.com/
Follow us on social media:
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Disclaimer: Videos are not trading advice and the views expressed may not reflect those of Kitco Metals Inc.