Watch: Stock markets to crash 90% this year, followed by best buying opportunity in lifetime - Harry Dent
(youtube.com)
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
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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:
Facebook - https://www.facebook.com/KitcoNews/?r...
Twitter - https://twitter.com/kitconewsnow
StockTwits - https://stocktwits.com/kitconews
Live gold price and charts: http://www.kitco.com/gold-price-today...
Live silver price and charts: http://www.kitco.com/silver-price-tod...
Don’t forget to sign up for Kitco News’ Weekly Roundup – comes out every Friday to recap the hottest stories & videos of the week: https://connect.kitco.com/subscriptio...
Join the conversation @ The Kitco Forums and be part of the premier online community for precious metals investors: https://gold-forum.kitco.com/
Disclaimer: Videos are not trading advice and the views expressed may not reflect those of Kitco Metals Inc.SHOW LESS
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Francisco Gimeno - BC Analyst There is no doubt one day Harry Dent will be right. The problem is that, whether we agree with him or not (and if you go around media mostly everyone disagree), we live in a time when the Fed continues printing without an end, global economy and finances are having their stressor points very much affected by geopolitical, technological, ideological, transformative issues and ideas already changing the whole global landscape. The market is not above this. So, as we always advice, be careful out there and get ready for anything and everything.