The recent gyrations in global stock markets are just the beginning, says U.S.-based economist and author Harry Dent, who believes the Dow will fall below 10,000 in the near term before crashing to around 3,000 in 2013.
Dow Could Crash to 3,000 in 2013: Author - CNBC
Remember the book Dow 40,000? When published in 1999 perhaps it was an early sell signal and a predictor of the Dot Com crash that followed. As the height of optimism indicates a downturn, the trough of pessimism could be a buy signal! As the saying goes sell when they yell and buy when they cry. Dow 3,000: they are crying already!