Why Wealthy Investors Are Betting Against The Market

Do These Bearish Billionaires Know Something You Don’t?

Harry-high-reseaditHas this record-setting bull market finally lost its room to run? Several of the world’s most notable billionaire hedge fund managers seem to think so.

Legendary billionaire investor Stanley Druckenmiller – famous for delivering an average of 30% year-over-year returns while serving as president of Duquanese Capital – has warned investors “the bull market is exhausting itself” [ source ]

Activist investor Carl Icahn – who has delivered an incredible 26.1% annualized returns over the past decade [source ] – recently told CNBC: “I don’t think you can have [near] zero interest rates for much longer without having these bubbles explode on you.” [source ]

George Soros – who made $1 billion in a single day shorting the British pound in 1992 – has also made headlines with his return to active management and his big bets against the S&P 500.

It’s not just the billionaires that are making big bearish bets either. Renowned Harvard economist Harry Dent just released his latest economic forecast and is a wake-up call for investors everywhere.

According to Dent, “the U.S. economy is in very dangerous territory. More dangerous than anything we’ve seen since the Great Depression. We are sitting on the precipice of the greatest global financial crisis in history…and this time, no amount of Fed stimulus will be able to contain it.”

Harry Dent is best known for making several controversial yet on-the-money calls over the past 30 years. He called for the demise of the Japanese economy in 1989, the dot com crash in 1999, and the housing crisis in 2006… and is now making what he claims is “his boldest prediction yet.”

“The Dow is set to embark on a catastrophic plunge…all the way down to 6,000.”

As “Brexit” continues to send shockwaves through the global markets, this could be the trigger that Dent predicted would send the Dow into a free-fall sometime in 2016.

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Dent further describes the “perfect storm” of economic and demographic realities brewing that will likely make the next few years some of the most trying times in U.S. economic history.

But his report isn’t all doom and gloom.

“I believe that the next five years will be the most extraordinary in economic history,” says Dent. “By the end of it, millions of Americans will be a lot poorer. But a savvy few could be much, much richer.”

For the complete story on Harry Dent’s latest forecastclick here now.

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