RE:RE:RE:RE:Rich Dad Poor Dad matt2018 wrote: How long has this fellow been making this prediction of stock market crash/depression?
So, if it actually happens one day, he will be perceived to be correct on his call, after being dead wrong for so long? That's frivolous nonsense. Make a call on when you expect this to happen..... next week, month, Q3, Q4? When?
Same thing with many of these so-called analysts. When price of Gold, Copper or Oil is trending higher, they come out and raise their target prices. If the prices for those commodities head south, they come out to lower their price targets (many are the same ones who raised them earlier).
Anybody can do that.
Price of Oil can be $70 or $80 by end of week. Nobody knows that at this moment.
My personal favorite, "I expect the price to be where it is today, six months from now".
Bunch of geniuses.
porn sells, fear porn sells even better.
To stay relevant, analysts make prediction whenever the wind shifted. It's not how many they get it wrong, people have short memory and forget the past. Just make enough prediction to stay relevant and if 1 stick, BAM, just boast and continue to talk about it, they are in the record being correct. Repeat it enough time, then people would remember it.
I say Harry Dent take the crown on selling fear porn. He sells books and newsletters.
2015
(2) Harry Dent: Oil Could Go As Low As $10 Per Barrel - YouTube
2015 Harry Dent: $250 - $400 Gold Coming! Really?? (+2K Views) - munKNEE.com 2020
Harry Dent: Market Crash Coming in 2-3 Years; Economy ‘Already Dead’ | ThinkAdvisor 2022
Market crash to last until 2024; Gold to hit $900 before a rebound - Harry Dent | Kitco News
2023
Harry Dent: Stock Market ‘Crash of a Lifetime’ Coming After One More New Low | ThinkAdvisor