Harry Dent

A new US stock bull market will begin by late 2002, after the 2000-2001 bear market.

“By late 2002, we'll see a new bull market.”

Said on

4 February 2002 · Interview with Money Management Executive (Lori Pizzani), answer to "What are your short-term predictions?"; he first said the market "could pull back in the third or fourth quarter".

Source

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

Should come true

Q4 2002

How sure they sounded

we'll see

Categories

Markets

Importance

2 of 5 · A short-term market-timing call that matters mainly to investors.

Outcome

Accurate Happened 9 October 2002.

The 2000-2002 bear market bottomed on October 9, 2002 (S&P 500 about 777), followed by a sharp rally that grew into the 2002-2007 bull market in which the index roughly doubled. The low and turn came in late 2002, as he forecast.

Evidence:

• https://www.plansponsor.com/financial-markets-rocked-again-in-02/