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Pastimes : The Justa and Lars Honors Bob Brinker Investment Club Thread -- Ignore unavailable to you. Want to Upgrade?

To: gronieel2 who wrote (6950)	2/21/2012 7:27:54 AM
From: Boca_PETE	Respond to of 10065

Dent's points about the impact go-forward of demographics seen very compelling to me. All the talk by the media and the regime that the economy has turned the corner and happy days are on the way appears to me to be propaganda designed to get another four years of the current policies. It seems dishonest to me to be celebrating the 8.3% latest unemployment report when the method of that percent has recently been changed and it is not comparable to prior reported percents and this incongruity is not reported in the media. Even more shocking is the lack of emphasis on the cumulative number of formerly counted unemployed who have given up and stopped looking for work or have taken part time work at significantly lower pay. P

To: gronieel2 who wrote (6950)	2/21/2012 9:42:45 AM
From: gronieel2	2 Recommendations Read Replies (1) \| Respond to of 10065

Harry Dent Makes His Money from Writing Books, Not Investing One bearish market sage who looks particularly foolish right now is Harry Dent, author of the 2011 book The Great Crash Ahead, as well as the 2009 doomsday “classic” The Great Depression Ahead. To be fair, Dent hasn’t always been bearish, having also written 1993’s The Great Boom Ahead, 1999’s The Roaring 2000s Investor, and 2006’s The Next Great Bubble Boom. Except for his book in 1993 which correctly predicted a strong bull market during the 1990s, all of his other books have pretty much been dead wrong on the market’s future direction. Given his poor track record, one could easily dismiss his most recent book The Great Crash Ahead as a contrary indicator that bodes well for the stock market. After all, on December 30th Dent was interviewed on Bloomberg TV and recommended that investors sell all their stocks, predicting that the S&P 500 would fall 30% to 50% in 2012 – right before the stock market staged its strongest rally to start a new calendar year since 1987 (25 years ago)! His work has been criticized also for heavy use of data dredging - where it is easy to find patterns in past data and assign predictive powers to them when many such patterns occur in every data collection purely by chance. Dent has been criticized also by many economists for being downright wrong in several of his predictions. In fact, www.maxfunds.com, a financial reporting site awarded him the The "Ultimate Charlatan"Award. investingdaily.com en.wikipedia.org