I thought Harry Dent's book a good read - there is a demographic factor to all the drama that doesn't get noticed - and I think to manage risk effectively you need something like his big picture scenario.
Here are his predictions from several years ago for those who may have forgotten:
"The economy appears to recover from the subprime crisis and minor recession by mid-2009 "the calm before the real storm."
Stock prices start to crash again between mid- and late 2009 into late 2010, and likely finally bottom around mid-2012 between Dow 3,800 and 7,200.
The economy enters a deeper depression between mid-2010 and early 2011, likely extending off and on into late 2012 or mid-2013.
Asian markets may bottom by late 2010, along with health care, and be the first great buy opportunities in stocks.
Gold and precious metals will appear to be a hedge at first, but will ultimately collapse as well after mid- to late 2010.
A first major stock rally, likely between mid-2012 and mid-2017, will be followed by a final setback around late 2019/early 2020.
The next broad-based global bull market will be from 2020-2023 into 2035-2036.
http://www.hsdent.com/purchase-the-great-depression-ahead/
Add to My Watchlist
What is My Watchlist?