Harry Dent: Stocks to crash 40% by April and won't rebound for decades, here's why (Pt. 1/2)
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Harry Dent: Stocks to crash 40% by April and won't rebound for decades, here's why (Pt. 1/2) – Latest News Today
Watch part 2 of this interview on gold: https://youtu.be/uLQUGpHQmug
The cyclical bull market for equities is over; after December, stocks will begin a secular multi-year decline, starting with a 40% correction by April, said Harry Dent, founder of HS Dent.
“If we see another new low in the stock market, I predict we are not going to see new highs on the Dow, S&P, NASDAQ, biotech, you pick anything…you’re not going to see new highs on anything for decades,” Dent said. “You didn’t see new highs after 1929 for 24 years.”
0:00 – Consumer spending
6:28 – End of economic recovery
9:15 – Stock market crash
13:05 – Triggers for the crash
17:29 – Buy stocks at low?
18:10 – What happened to Japan in the 1990s?
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