The man who warned of the 2001 tech crash, the 2008 subprime financial disaster and China’s recent stock market decline – years before they happened – says he fears for today’s investors:
False Market Recovery Spells Huge Danger For Investors
After the Dow’s meteoric 2000 point drop earlier this year and widespread panic… investors are starting to regain confidence as the index recently soared near 18,000 for the first time since July 2015.
But one of the nation’s top economists is warning investors not to be fooled by the recent rally.
And that even though it might look like the US economy is still flying high, this is just the calm before the storm.
In his latest video report, renowned Harvard economist Harry Dent warns that the Dow is primed for a catastrophic plunge all the way down to 6,000…and it could easily happen within the next few months.
“The fact is, the U.S. economy is in very dangerous territory. More dangerous than anything we’ve seen since the Great Depression” Dent says.
“Much of the Main Street media and many Wall Street pundits want you to believe the worst is over…that, except for a few bumps in the road here and there, we’re well on the road to recovery,” says Dent.
“Let me warn you: that’s NOT what my research says…”
Dent pioneered a whole new science of economic forecasting in the early 1980’s. He has been able to accurately predict almost every major economic event over the past 30 years — The collapse of Japan, The Great Tech Boom of the 1990’s, and gained national attention for his warning about the 2008 financial crisis.
And his latest warning is perhaps his most dire yet.
“We’ll see an historic drop to 6,000… and when the dust settles – it’ll plummet to 3,300. Along the way, we’ll see another real estate collapse, gold will sink to $750 an ounce, and unemployment will skyrocket…it’s going to get ugly.”
Dent’s research shows that after years of quantitative easing and cheap monetary policies, the U.S. economy exists inside a massive bubble that could pop any day.
But he believes that for the investor that sees this disaster coming and properly prepares… it could mean the opportunity of a lifetime.
“When you understand this event, including the fundamental reasons driving it, you need not panic. You will see there’s a tremendous upside to what will unfold over this decade and beyond.” Says Dent.
“After all, when you’re able to know what’s coming – and position yourself accordingly – the years ahead could be prosperous times.”
For more on Dent’s controversial prediction about the catastrophic collapse of the Dow… and what you need to do today to protect and grow your wealth when it does…watch his latest video here.