Update: A Technology boom through to 2010

17 November 2005 Category: Boom then depression by 2012, Economic development, Web 1.0 proprietary hierarchies vs. Web 3.0 community networks 1 Comment

Harry S Dent provided a free copy of his October 2005 newsletter on his web site. It provides an update on my previous entry in October 2005.

For your convenience, I have extracted a few paragraphs below for your review to encourage you to read the article and subscribe to his newsletter:

““In summary, we couldnÃ¢â‚¬â„¢t be more bullish for the next year, and the next 5 years. We are clearly on the verge of a major break out to the upside. It is just a matter of whether it starts in days or weeks. Every stock market bubble in the last century Ã¢â‚¬â€ 1915 to 1919, 1925 to 1929, 1935 to 1937, 1985 to 1987, and 1995 to 1999 Ã¢â‚¬â€ was preceded by a major correction or crash, a strong initial recovery rally, and then a one- to two-year trading range sideways.”

“Again, the markets are simply waiting for signs that the Fed canÃ¢â‚¬â„¢t tighten much further which are almost certainly coming by year end, and for oil to correct below the $62 and $58 support levels to strongly suggest a top in that bubble.”

“Hayes sees a strong rally towards 20,000 plus into 2008 starting in 6 to 10 weeks. We see a rally towards 40,000 into 2010, starting in the next few weeks, likely sooner than later. This is where our 80-year New Economy Cycle gives us unique insights and allows us to compare this trading range and the coming bubble to the most appropriate period from the past.”

“The forecast that we are making for a strong bull market and bubble ahead is still extremely contrary. Even the smart money does not foresee such a strong rally ahead as there are no immediate signs of why it should occur (whereas our longer term technology cycles suggest it is almost inevitable).”“