Market observer Harry Dent claims that the Dow Jones industrials ($INDU +0.46%) will rally to 17,000 within the next few weeks -- before it disastrously plummets to around 6,000 by 2016. Dent makes his case in a new book, "The Demographic Cliff."
Sounds like fun times for investors -- but it sounds like book shilling to many of the rest of us.
Let's address several important points that explain why Dent is so terribly wrong. The U.S. government, the Fed, Wall Street and the big Banks are "all-in" on the stock market right now. They can't and won't allow a serious collapse in the markets.
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