Dow Plummets to Around 6,000 by 2016
Harry Dent Tries Again: a Crash to Dow 6,000. The Dow Goes the Other Way, to 19,762
Two and a half years after his Dow-3,000 call, Dent told CNBC the Dow would touch 17,000 and then plummet to around 6,000 by 2016.
What was said
“I think we see another correction, crash, that is larger than the last one”
— Harry S. Dent Jr. (author of The Demographic Cliff) · said Mar 3, 2014 · due By 2016
The Dow ended 2016 at 19,762.60, up 13.4% for the year.
The Story
Said on CNBC's Closing Bell on Monday, March 3, 2014. CNBC's summary: the Dow was 'likely to hit the 17,000 level within the next few weeks before plummeting to around 6,000 by 2016'. Dent also said: 'I think this will be the most dangerous period in people's lives in investing.'
The last one, for scale, was 2008-09. Previous target: dent-dow-3000-2013. Other crash calls: faber-crash-2014, kiyosaki-crash-2025.
Receipts
- Get ready for the Dow at 6,000 by 2016: Pro - CNBC (March 3, 2014)accessed 2026-10-09
- Stocks close out 2016 with double-digit gains - CNBC (December 30, 2016)accessed 2026-10-09
- A look back at the Dow's wild rise in 2016 - USA Today (December 31, 2016)accessed 2026-10-09