Harry Dent: Sell Signal at S&P 958 on July 21

by | Jul 21, 2009 | Harry Dent

Do you LOVE America?


    Harry Dent Jr., of HS Dent Investments, has issued a short-term sell signal for the broad markets in his Forecast Update of July 21, 2009:

    We are recommending that most investors sell here with the intention of rebuying if we correct near term and break back convincingly above the levels hit today near 960 on the S&P 500. The reason we recommend this two-pronged strategy (to sell now and then potentially quickly rebuy) is that the potential gains if we do see a break out to the upside could be very substantial — as high as 11,300 on the Dow, or 25%!

    Our recommendation is to sell stocks today around 958 on the S&P 500 or by the end of the day if it doesn’t quite hit that level. Then we will advise on rebuying depending on how the markets react in the days ahead. Depending on your own risk tolerance you may want to sell partially and then sell more or buy back depending on how the markets react.

    Subscribe to Harry Dent’s Forecast Updates…


    It Took 22 Years to Get to This Point

    Gold has been the right asset with which to save your funds in this millennium that began 23 years ago.

    Free Exclusive Report
    The inevitable Breakout – The two w’s

      Related Articles


      Join the conversation!

      It’s 100% free and your personal information will never be sold or shared online.



      1. Gold Update: Edelson Says Still Bearish Short-Term - [...] Jr. are looking at very similar short-term trends. This morning, HS Dent Investments also issued an update to subscribers…

      Commenting Policy:

      Some comments on this web site are automatically moderated through our Spam protection systems. Please be patient if your comment isn’t immediately available. We’re not trying to censor you, the system just wants to make sure you’re not a robot posting random spam.

      This website thrives because of its community. While we support lively debates and understand that people get excited, frustrated or angry at times, we ask that the conversation remain civil. Racism, to include any religious affiliation, will not be tolerated on this site, including the disparagement of people in the comments section.