forecaster harry dent said all signs point to an economic collapse.ock bubble about to burst? wait until you hear this. >>> at the end of the day it is all about money. this is the quicksilver cash back card from capital one. it's not the "fumbling ound with rotating categories" card. it's not the etting blindsided by litits" card. it's the no-game-playing, no-earning-limit-having, deep-bomb-throwing, give-me-the-ball-and-i'll-take- it-to-the-house, cash back card. this is the quicksilver cash card from capital one. unlimited 1.5% cash back on every purchase, everywhere, every singleay. let me ask you... at's in your wallet? life's an adventure when you're with her.and i. but yo erectile dysfunction - it could be a question of blood flow. cial tadalafil for daily use helps you be ready anytime the moment's right. you can be more confident in your ability to be ready. and the same cialis is the only daily ed tablet approved to treat ed and symptoms of bph, like needing to go frequently or urgently. tell your doctor about all your medical conditions and

here to debate it, fox news contributor steve moore and economist harry dent. thanks to both of you for joining us. you know a lot of this arose from a editorial from "the washington post", ezra klein talking about pick your problem and the frayedoff. steve moore, do you accept the principle there is trade why you have between -- >> no i don't. no, i don't. melissa: you don't? >> if you look in the 19780's, 1990s we had rapid reductions in unemployment, melissa and incomm disparities actually became narrower except the at very top. people at very top who did better. my philosophy about this, as kennedy and reagan said, if you have a rising tide it lifts all boats. people don't care about inequality, melissa, if they're doing better themselves. melissa: maybe you get into the get the problem with one or the oertingerring with it trying to come up with a government solution. for example, when you raise the minimum wage, we cite it on the show, economists from cornell university, if we raise the minimum wage to $10.10, they estimate through mathematics we will los

now harry dent joins us from camp the.ed you a moment ago saying 16,000 would hit on the dow by january and the market crashes in the next few years. we have hit 16 k, we got there, now what about the rest of your predictions? the crash. when is it coming? >> i think it will be late january. we see signs we are in apparel bolick classic bubble, the last bubble went five years, this is 175%. i think it will be late january. the target looks closer to 17,000, 16,700 to 17,000. between january and march a major crash into 2015. each bubble has taken us to hire highs, and early 2014 each crash has taken lower lows because that is pumping up the economy with bubbles until they burst and once they start bursting the affluent people holding out sales stop spending and you get in real trouble. don: let me tie you down again. late january into february and march we will hit 17,000 on the dow so we keep going. >> yes. don: that is when we start to believe. that is when we start to come down and come down rapidly, not just stocks. go

harry dent is a seer. one of the crowd asked me your favorite idea.-short hedge funds. up long-short hedge fund is 21% even though everyone thinks hedge funds are having a tough year. up 21%. my best idea -- i do not pick stocks at that time, we were not in mutual funds. i said airlines. everybody said, that is a terrible business, it is destroyed capital. it had. past tense. when you get consolidation, when the top 2 groups or 3 groups schedule 80 put -- control 80%, they get pricing power. %> what a one percent -- 21 up. investors are getting used to hedge fund returning 6%. will we see funds closing? investors have to be pulling out money if they are only giving back 3% or 4%. so, but the think hedge fund industry set a record for inflows in the third quarter. because of what sandra miller -- stan druckenmiller said. it is institutions putting money in because they hate fixed income. you want low volatility arbitrage strategies, those hedge funds are growing. people are getting frustrated with long-short guys, 30% net with 8% return. bias andt with