Harry Dent

US stocks will suffer a crash larger than 2008-09, with the Dow falling to around 6,000 by the end of 2016.

“I think we see another correction, crash, that is larger than the last one,”

Said on

3 March 2014 · CNBC Closing Bell interview; CNBC reports he expected the Dow to hit about 17,000 within weeks and then plummet to around 6,000 by 2016. He added "I think this will be the most dangerous period in people's lives in investing."

Source

Get ready for the Dow at 6,000 by 2016: Pro · CNBC

Should come true

2016

How sure they sounded

I think

Categories

Markets

Importance

3 of 5 · A crash bigger than 2008-09 would matter to the US economy and investors.

Outcome

Inaccurate

No crash larger than 2008-09 happened through 2016; the Dow's worst drop was a roughly 15% correction in 2015-16, and it closed above 20,000 for the first time in January 2017, far from 6,000.

Evidence:

• https://nbr.co.nz/while-you-were-sleeping-updated-dow-closes-above-20000-for-first-time