Dow Crashes to Around 3,000 in 2013
Harry Dent Calls a Crash to Dow 3,000; the Dow Closes the Year at a Record 16,576
The author of The Great Crash Ahead said the crash 'really starts some time in early 2012' as baby boomers stopped spending. The Dow instead had its best year since 1995.
What was claimed (paraphrase)
the Dow will fall below 10,000 in the near term before crashing to around 3,000 in 2013.
— Harry S. Dent Jr. (founder, HS Dent; author of The Great Crash Ahead) · said Sep 12, 2011 · due 2013
The Dow ended 2013 at 16,576.66, a record close and a 26.5% gain for the year.
The fine print
CNBC's summary of the forecast, so quote_is_paraphrase is true. Dent's own words in the same piece: 'I think the stock crash started in late April. This is just the first wave down.I think the crash really starts some time in early 2012.' He also forecast US house prices would 'drop by another 30 percent'.
Sources
- Dow Could Crash to 3,000 in 2013: Author - CNBC (September 12, 2011)accessed 2026-10-09
- Wall Street closes 2013 at records - CNBC (December 31, 2013)accessed 2026-10-09
As of Oct 9, 2026
since it didn't happen
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