Cheap The Next Great Bubble Boom : How to Profit from the Greatest Boom in History: 2006-2010 (Book) (Harry S. Dent) Price

Related Products

Customer Reviews of The Next Great Bubble Boom : How to Profit from the Greatest Boom in History: 2006-2010

Not bad advice
This book does give some worry to a good financial reader. A point to remember is the Great Depression of 1929 had a warning. The central USA, the farmlands, was in a depression before 1929. <
> <
>The trouble with housing is everybody is betting it will always go up. This book does a fair job of showing some trends that can cause worry. To prove some parts of this book are coming true lets look at the State of Michigan. <
> <
>Michigan has the worst economy in the USA. The automotive industry is expected to contract by at least another 20% over five years. GM has a near junk bond status. <
> <
>There have been thousands of beautiful homes built in Michigan. These homes are on 1.5 acres of land. In surburban areas of Saginaw, Michigan there has been massive lay offs of auto workers. Housing prices have gone through a deflation cycle of nearly 10% per year. Why? Many homes cost over $350,000 to begin with. The market is glutted with $300,000 homes and there are no buyers for these massive homes on a fair amount of land. <
> <
>And Michigan has dozens of communities with this problem. <
> <
>Indeed, off the record a township official expressed worry that a correction in the housing prices would bring financial problems. <
> <
>People in Michigan may very well own homes that have "upside down" in value. Bottom line: the house is worth less now than the balance due. That is how financial problems start for the nation. <
> <
>Michigan, Indiana, and Ohio may all have the economic bubble of overpriced housing hit in the next three to five years. Note, this tri-state area is nearly equal to the size and population of California. People may think a housing bubble in Michigan is a small problem. Most Americans would take very seriously a problem with California's aggregate housing market. <
> <
>Economic problems start with small symptoms. Michigan's economy is dying. That can effect a tri-state area with a population that is the equal of California. <
> <
>This book isn't perfect. However, it gives good financial advice. You never ignore good financial advice.

---

A must read for any investor
Harry Dent has developed a system that has predicted bear and bull markets. In this book he tells us what the future holds. He takes guessing away from investing.

---

A Right or Wrong Prediction is NOT as Important as a Compelling Argument
I agreed with Mr. Dent on his predictions before even buying this book, albeit with a different base of reasoning. I've so far found this book to be very valuable in that it has a wealth of historical information that backs his claims, many of which I only guessed at. <
> <
>I bought this book to see what other people are thinking to reach the same conclusion, and this book does not disappoint in the information department. I especially like the information on housing and oil, and will apply the raw data to my decision-making. <
> <
>Personally, I find the fact that our unemployment rate is still below 6%, and much lower than the early 90's, as supporting evidence for another rash of optimism along Mr. Dent's DOW 40000 line. Also, corporations are flush with cash, the P/E ratio is back within norms, and consumer confidence is LOW. All of this points to a potential low in today's prices, and that all that's needed for another burst of imbecillic market behavior, or "Bubble Boom", is a strengthening of people's confidence in the stock market (I didn't read the book to figure this out). I bet if some big headline regarding the successes of Sarbanes-Oxley comes out in the presses, or if tech companies find some killer ap with relevance to the convergence of TV (that Holy Grail of consumerism) and the Internet, it may just provide the necessary boost of confidence. I heard that Cisco is working on just that. <
> <
>Although I found the comparisons with the 1920s very interesting, I could do without his incessant repeating of the "80 year cycle" and of his previous predictions. I do however understand that he is trying to sell a book, and find it justifiable, annoying as it is. <
> <
>In regards to his track record, I take it the same way I take the market - you win some, and you lose some, and you hope you win more than you lose, which Mr. Dent has done. Also, whether you're buying or selling books or stocks, you base your ultimate decision on how attractive the investment is at this very moment, compared with other similar investments, NOT just on an imperfect track record. In that sense, I find the reasoning in the book to be much more important than whether or not he's exactly right on the dot with every aspect of his prediction. <
> <
>It seems Mr. Dent agrees, as I quote from the book, page 71: "It's not as important that our actual targets get hit, rather that the stock market enters another strong bull market that you as an investor don't forsee until much later in the cycle." Mr Dent is NOT trying to tell you to buy Spider LEAPs with a 2009 strike of 20k, or Exxon puts at 40. He's simply trying to make a point - that there are trends in the market that you might miss if you do not take into account certain information that Mr. Dent is providing to you (at a cost of $10). And, how better to market that point than to make a prediction like Dow 40000? Gotta read between the lines... <
> <
>So, if you take this book from the angle of arguing a certain point of view and NOT by seeking a right or wrong answer, you may find it to be a compelling purchase. If you are looking for the secret to fortune telling, I'd try entertaining yourself with Back to the Future II instead of this book. Of course, no one could be as "smart" as Biff, but it's certainly fun watching people try...:) <
> <
> <
> <
>