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Bullboard - Stock Discussion Forum Chorus Aviation Inc T.CHR

Alternate Symbol(s):  CHRRF | T.CHR.DB.B | T.CHR.DB.C | T.CHR.DB.A

Chorus Aviation Inc. is a global aviation solutions provider and asset manager, focused on regional aviation. The Company’s primary business activities include contract flying, managing aircraft on behalf of fund investors and other third-party aircraft investors and/or owners, as well as maintenance, repair and overhaul services and pilot training. The Company operates through Regional... see more

TSX:CHR - Post Discussion

Chorus Aviation Inc > “The biggest crash of our lifetime is in progress”
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Post by GoodMonkey on Sep 28, 2022 10:18pm

“The biggest crash of our lifetime is in progress”



Strategist Harry Dent Jr., “The Contrarian’s Contrarian,” has been predicting “a great reset of the biggest financial asset bubble in history” for some time. Now it is here, he tells ThinkAdvisor in an interview.

“The biggest crash of our lifetime is in progress,” he declares. “We’re probably about 30% of the way into it. I’m calling this ‘Tech Wreck 2’ because it’s the second crash led by tech stocks.” 

 

 

Dent is strongly recommending that investors “Get out of risk assts. This is your last chance to sell. Get out of the way of the crash! Sell right now!” he urges.

“You don’t wait [till fall]. The market will go down harder and faster” than it did earlier this year, he says. By the end of 2022, it will be at “new lows. By then it will be too late for most.”

 

 

“You can burn me at the stake if I’m wrong,” he declares.

The long-time newsletter publisher is famed for his market and economic prognostications, a good deal of which have failed to come about.

But the Harvard MBA correctly predicted Japan’s 1989 bubble bust and recession, the dotcom crash and the populist surge that made Donald Trump the 45th president of the United States.

In the interview, Dent recommends “get[ting] out of real estate, normal bonds and junk bonds.” Holding them, he says, “will decrease the value of your assets; and you’ll not get back to new highs on those for decades.”

He continues. “Before we see a bottom, it will be at least the end of 2023. The S&P will be down roughly 86% before this is over, and the Nasdaq will be down 92%.

“This is not another correction,” he emphasizes. “This is a crash that has been put off now for 13 years. This is not something you sit through.”

Hence, “Do not listen to your financial advisor because they’ll say, “Well, just rebalance,” Dent counsels. 

“This is truth or consequences. You’re going to be down in your stock portfolio 55%-60% or more wondering why you weren’t more cautious when the market had the biggest bubble in history,” he argues.

Dent recommends moving all risk off the table for two years, then being ready to reinvest at “the sale of a lifetime of all financial assets.”

In the interview, he reveals his personal portfolio and recommends what investors should buy now. 

As for the Federal Reserve’s aggressive stance on raising interest rates, the strategist said four days before chair Jerome Powell’s August 26 comments: “I think that the Fed is saying, “Brace now.”

“The Fed overstimulated … [and] was forced to tighten because inflation finally kicked them in the butt,” he says.

Dent’s HSD Publishing, an independent research firm, generates monthly newsletters that he and Rodney Johnson, president, each write. 

A free daily newsletter is available prior to subscribing to the paid HS Dent Forecast and Rodney Johnson Report.

ThinkAdvisor interviewed Dent on Aug. 22. He was speaking by phone from his base in San Juan, Puerto Rico.

He supplies his forecast for crypto, paralleling the status of the new asset class to the dotcom bubble before it burst.

“Tons of [tech companies] went down 100% or 90-something percent. That’s what’s going to happen to crypto,” he says.

Here are highlights of our interview:

THINKADVISOR: Are we in “the crash of our lifetime,” which you’ve been predicting for some time now?

HARRY DENT JR.: The biggest crash of our lifetime is in progress. We’re probably about 30% of the way into it. 

This will be much worse than 1973-1974 or 2000- 2002. Before we see a bottom, it will be at least the end of 2023.

I’m projecting that the S&P will be down roughly 86% before this is over, and the Nasdaq will be down 92%.

I’m calling this “Tech Wreck 2” because It’s the second crash led by tech stocks.

This will not be a correction. This will be the crash of our lifetime unless they come up with some new magic wand, and I’m telling you they won’t.

Do not listen to your financial advisor because they’ll say, “Well, just rebalance.”

This is not another correction. This is a crash that has been put off now for 13 years. This is not something you sit through.

This is truth or consequences. You’re going to be down in your stock portfolio 55%-60% or more wondering why you weren’t more cautious when the market had the biggest bubble in history.

Why is this time different?

People will be in shock because they didn’t think the central bank would let this happen.

They’ve pumped up our economy time and again whenever there’s been a correction. They’ve stretched it so far. But they’re not going to be able to stop it from blowing.

When will it blow?

By the end of the year, we’ll be at new lows. By then, it will be too late for most.

What’s an investor to do?

This is your last chance to sell stock. Get out of the way of the crash! 

So should investors sell in September or October?

No! Sell right now. Now! You don’t wait. Can I be more clear than that? This [August] bounce looks like it has already run its course. We had a 34% downturn in the Nasdaq, and then retraced about half of that.

Now it’s ready to go back down. And it will go down harder and faster than it did in January to June.

Should people sell other types of investments too besides stock?

You’ve got to get out of real estate, normal bonds and junk bonds. You’ve got to get out of risk and just be safe for about two years. 

You can preserve your money near the top of the market and reinvest about two years or less from now at the sale of a lifetime of all financial assets — stocks, bonds, real estate.

What’s your rationale for selling right now?

The Nasdaq can go down another 3,000 or 4,000 points to 7,500 by January. Now it’s down over 50%. 

By then, you’ll be down 50%-60% in your stock portfolio, crying, “Why didn’t I listen?”

The third wave down should take till the end of the year to possibly January of next year.

You’ll get one more bounce maybe in the spring of next year. My good guess is that you’ll get that final wave down at around the end of next year. By then, it will be clear whether we’re going into a deeper downturn.

But if you wait to see, you will have lost a lot.

You just said not to wait to sell till September or October. What will the scenario be at that time? 

Down, down. The first crash was a pretty good indication of the minimum of what we’re about to see in a second wave down. 

It will be down about 58% from the top in the S&P and 60-something percent in the Nasdaq.

Comment by babedinkleman on Sep 28, 2022 10:36pm
This post has been removed in accordance with Community Policy
Comment by GoodMonkey on Sep 28, 2022 10:53pm
I'm glad you find this funny! :-)  Have fun losing all your money! In this perilous time of recession, protecting your capital is much more important than making money. Basically because if you lose your capital, making money is much harder. ''Missing the train'' vs. ''losing your money''. There are a lot of trains, but if your money is gone, it's over ...more  
Comment by babedinkleman on Sep 28, 2022 11:01pm
This post has been removed in accordance with Community Policy
Comment by Tommy123 on Sep 29, 2022 1:03am
This post has been removed in accordance with Community Policy
Comment by babedinkleman on Sep 29, 2022 2:28am
This post has been removed in accordance with Community Policy
Comment by flamingogold on Sep 29, 2022 8:24am
So this is what all your pessimissim is based on. Time to put you on ignore.
Comment by pjn0987654321 on Sep 29, 2022 8:50am
Harry Dent, my goodness he's still around. 
Comment by GoodMonkey on Sep 29, 2022 8:57am
major market crash again today, and we are just 1/3 into this downturn.  I can see CHR going as low as $0.75 in 2023. For those who thinks it's not possible just think about Air Canada when it went as low as $0.75 in 2009 and 2012.  Shorts and margin calls will help to push CHR below $1
Comment by Starkicker on Sep 29, 2022 9:40am
So what's your point? Air Canada then went to $50 in 2019 so if CHR goes to 75 cents I'll be the first in line buying to get a 10-fold return.
Comment by GoodMonkey on Sep 29, 2022 9:43am
my point is...  In this perilous time of recession, protecting your capital is much more important than making money. Basically because if you lose your capital, making money is much harder. ''Missing the train'' vs. ''losing your money''. There are a lot of trains, but if your money is gone, it's over. 
Comment by flamingogold on Sep 29, 2022 9:45am
Markets cycle, it's part of a healthy balance. But, these calls of exteme doom and gloom are poison to a person's life and portfolio.  I agree we got over extended during covid with record low interest rates and free money sprinkled to most people which messed up our supply chains and the work ethic. So, a correction, even a recession is not surprising to bring everything back into ...more  
Comment by GoodMonkey on Sep 29, 2022 10:13pm
btw, if you had listened to flamingo 6 months ago you would be done 45% so far... sounds like a good place to park your cash? this could go down another 50% from here, at least 
Comment by GoodMonkey on Sep 30, 2022 9:17am
Expect another major crash again today.  In six months from now $2.30/share will seem very expensive.  Fed’s preferred gauge shows inflation accelerated even more than expected in August
Comment by GoodMonkey on Oct 05, 2022 9:20am
Get ready for another hard landing, CHR is about to crash to another 52 week low 
Comment by GoodMonkey on Sep 29, 2022 2:02pm
looks like Harry Dent was right. Everyone will get wiped out. 
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