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Top Customer Reviews
I read this book back in 2000 before the crash and agreed with
some of his reasoning as to the mechanics and ideas which would be implemented in the New Millenium, but disagreed with his
belief that there would be such great prosperity,as history ALWAYS repeats itself.
But alas, no one wants a pessimist. Then he came out with the "Roaring 2000's Investor", which again was creative and showed brilliance, but proved to by flawed on many levels. Now he has another book slated to come out
"The Greatest Bull Market in History: 2003-2008: Investment, Business and Life Strategies - For the Great Boom Ahead and the Great Bust to Follow"
If his past predictions are any indication, this title itself is already filled with hindsight and error. I can tell you there will be no sustainable bull market on any of the indexes for at least the next decade.
I must admit I would like to speak with this guy. With a few real life experiences under his belt he may really hit the target, but so far the best title for a book would be "The Roaring 2000's: How to prosper by making the best seller list by publishing books that make people believe you have the answers."
Lession #1: Don't put dates in the titles of your books that try to predict the future"
However, when you look at the record so far, Harry Dent's prediction in 1999 for the first decade of 2000's is way off. The ink was barely dry on his book when the stock market actually peaked (first quarter of 2000) and then tanked. The stock market then suffered a three year bear market. Current outlook for the stock market is for increased volatility, but reduced growth in the single digit range (not the double digit range, Dent predicted).
Dent missed a lot of things. Some of them he could not have predicted such as heightened geopolitical risk, terrorism. Some other factors, he should have predicted. These included the overvaluation of stocks as a result of the Internet Bubble, the onset of World deflation associated with the flooding of cheap exports from China, the eventual slow down of the U.S. economy among others.
Dent also pauses as a futurist. In this role, he just repeats what Alvin Toffler stated in Future Shock almost 30 years ago. Technology will reform the workplace, will boost economic productivity, etc... Nothing new or informative here.Read more ›
First to give a background to this book: it was written in 1998-which in Greenspan rhetoric may be deemed a time of "irrational exuberance"-so not suprisingly the author was blissfully optimistically over a booming economy. In reality there was a long-term inflationary boom coupled with a strong market for IPO's and tech stocks. Of course, the speculative bubble burst. Contrary to the harbingers of infinite economic growth, there are no new dynamics to the so called "New Economy." If companies hemorrhage money on spending-showing no prospects for profit in their foreseeable future-than they'll probably be restructuring, going out of business, or solve their insolvency problem by merging with a larger firm. Generally, the present recession has made those who believe that there are some new rules to the game come to retreat from their Alice and Wonderland economics. Granted, we're not going to be in this recession forever contrary to the prophets of eternal economic gloom.Read more ›
Most recent customer reviews
I think the basic assumption about the impact of the baby boomers is correct, but where Harry went wrong is that he encapsulated the "message" by focusing exclusively on... Read morePublished on July 15 2004 by tony cannon
It is amazing how everyone has a prediction about the economy, but few will have so many predictions come true. Start with Mr. Read morePublished on June 9 2004 by Kevin Landis
Dent is so out of reality here. This book is a waste of money, time.He does not have any grasp of how the markets work. Read morePublished on June 24 2003
As of the Oct. 9, 2002 stock market low, ALL of the market gains since 1990 have been totally wiped out! Read morePublished on Nov. 10 2002
Even before the wild melt down that started the year this wildly optimistic book came out, it was quite possible to read Dent's model as simplistic. Read morePublished on Nov. 2 2002 by Nathaniel T. Parsons
I am agnostic about this book and admit I am not sure if I agree or disagree, Yes, it seemed to makes sense when I read it first, but look at what has happened the the last 3 years... Read morePublished on Aug. 27 2002 by Tim Wilson
Good try, unfortunately he got it all wrong. This book was a big gamble. Don't waste your money or time on this hopelessly outdated book. Read morePublished on July 9 2002
Got doubts about your portfolio in this market? Has your 401(k) been reduced to a 201(k)? Need a shot of confidence, of optimism? Read morePublished on July 2 2002 by Jeffrey E Ellis
Unintentionally hilarious, Dent has been exposed as someone who was seemingly lucky in correctly calling the 90s bull market. Read morePublished on June 30 2002