This man is not a prophet

Whilst browsing the sales on Barnes&Noble.com, I came across a book called

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

which in the current climate must be worth reading only for ironic humour. How Harry S. Dent, Jr must regret writing this. A brief look at his predictions include:

• The Dow hitting 40,000 by the end of the decade
• The Nasdaq advancing at least ten times from its October 2001 lows to around 13,500, and potentially as high as 20,000 by 2009
• Another strong advance in stocks in 2005, with a significant correction into around September/October 2006
• The Great Boom resurging into its final and strongest stage in 2007, and even more fully in 2008, lasting until late 2009 to early 2010

It also goes on to say that the author has an "amazing ability to track and forecast our financial future is renowned, and here he takes that ability to the next level, showing not only what our economy will look like but also how it will affect us as individuals, as organizations,and as a culture. From the upcoming wealth revolution to the essential principles of entrepreneurial success, the book describes a new society where economic and philanthropic development go hand in hand. In The Next Great Bubble Boom, Dent shows not only how the economic growth of the late 1990s was a prelude to the true great boom right around the corner but how all of us can reap its benefits."

Sounds like utter fantasy!