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What’s ahead: The biggest bubble seen so far, then a major crash
In the world Harry S. Dent (www.hsdent.com) lives in we will see the biggest stock-market boom in history, then the bad news - we’ll face the worst economic decline since the Great Depression.

Dent: “Then we’ll basically see a five-year rally from about late 2005 into mid- to late 2010.

Now that housing is deflating, there’s no place for money to go. The money has to go back into stocks. We see the Dow at 32,000 to 40,000, and probably on the higher side. The Nasdaq around 13,000.”

The coming depression (starts around the summer of 2010): not as bad as the 30’s, but worse than the 70’s
Quote: “It won’t be as extreme as the Great Depression. But it will be worse than the ’70s downturn, and I think it will be worse than what Japan saw from 1990 to 2003. Maybe we’ll see unemployment at 15 percent, give or take.”

A grain of salt
Everybody likes to read about elaborate prophesies, but nobody really knows what will happen. Elaborate prophesies that people like to hear about is important if you want to have a lot of listeners on your radio show or sell newsletters for $199 per year (12 issues a year).

Also if what is coming is so clear why does Dent spend time trying to sell this stuff when he could just buy into the bubble and sell short just before the summer of 2010. That would make him much more money.