Harry Dent

The Dow Jones Industrial Average will reach 35,000 by the end of 2009.

“we are still predicting the Dow at 35,000 in late 2008 or 2009.”

Said on

4 February 2002 · Interview with Money Management Executive (Financial Planning), reaffirming the Roaring 2000s Dow forecast after the 2000-2001 corrections

Source

Prognosticator Predicts the Return of "Tech Mania" · Financial Planning / Money Management Executive

Should come true

2009

How sure they sounded

we are still predicting

Categories

Markets

Importance

3 of 5 · A call on the level of the main US stock index, the basis of his Roaring 2000s boom thesis.

Outcome

Inaccurate

The Dow peaked at a record close of 14,164.53 in October 2007 and fell to 6,547 in March 2009, far below 35,000. That 2007 record was not surpassed until March 2013; the Dow only reached 35,000 in 2021, too late to count as a near miss.

Evidence:

• https://www.wfae.org/2013-03-05/14-253-77-dow-rallies-finishing-in-record-territory