Harry Dent Says It’s Go Time – Short the Market

by | Sep 17, 2009 | Forecasting, Harry Dent

Do you LOVE America?


    Harry Dent’s September 17, 2009 Forecast Update recommends that investors pull out of the US equities markets. For those looking to make some money on the down-side, he recommends moving in to short positions by way of Inverse ETFs:

    Today’s trading looks like a potential blow-off top. The U.S. dollar sentiment got back to 3% bullish yesterday and the dollar is very close to our buy target of 75.90 – 76.00 and the Euro has reached our more extreme target at 1.47. The markets are very overstretched here and we think it is very likely that we are seeing a top just above 9,800 on the Dow today.

    This is the best intermediate term play we have seen in a long time. Shorting the stock market (for example, ETF symbol SH) could yield 50% to 60%+ gains over the next year with a 5% to 15% downside if the markets keep edging up for awhile, even to extremes.

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