1st Quarter 2021 stock market crash predicted. Harry Dent.Fri 12:03 am Europe/London, 27 Nov 2020
Quantitative easing is having reducing returns. No matter how much money they pump, the demographics of an ageing population is killing demand.
Big detox, deleveraging has to come.
The cyclical bull market for equities is over; after December, stocks will begin a secular multi-year decline, starting with a 40% correction by April, said Harry Dent, founder of HS Dent. “If we see another new low in the stock market, I predict we are not going to see new highs on the Dow, S&P, NASDAQ, biotech, you pick anything…you’re not going to see new highs on anything for decades,” Dent said.
“You didn’t see new highs after 1929 for 24 years.”
New lows will be the story for years. Populations shrinking. He seems very confident in his predictions.