What do you think of this paragraph?

"From late 2000 into 2001, progressively lighten up on stocks and move into a strong cash position to await a potential significant correction in the market. Then in mid-to-late 2002, buy stocks again until the market nears its peak between 2006 and 2010."

This was written in 1993 (or earlier)....

He was almost right, the correction really started around mid-2000, so he was about six months off the mark.... But the guts of what he said was right.

It's a quote from "The Great Boom Ahead" by Harry S. Dent, page 188, published in 1993. (I've mentioned this book in earlier posts)....

He not only predicted the boom market of the 1990s, but also the current correction.... And the boom to come, starting around 2002 until somewhere between 2006 and 2010.... After that, we'll see a big recession (possibly a depression) as boomers retire and spend less....

His predictions are on the basis of nothing but demographics....

I'll be posting a graph about this in a following post....

It will pay to be prepared....

- Dien