Will there be a crash again?
The first quarter comes to a close this past Saturday with major averages at or near multi year highs. Expect substantial further gains for stocks before a major top happens in late summer, says noted forecaster Harry Dent, founder of HS Dent and The Dent Method.This is not good for the stocks.
The good news, is Dent predicts the Dow will trade as high as 13,200 by the middle of summer and the S&P 500 as high as 1430, or more-than 7% above current levels. That all might sound like good news, but it really is not in the long run.
While Dent predicts the Dow's crash will take several years, he sees clear and present danger in gold, silver, oil and other commodities. "All investors should lighten up on or sell oil, silver, and gold as the U.S. dollar looks like it has bottomed and should rise ahead," he writes in the March issue of HS Dent Forecast.
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