Dent predicts stock crash

Harry Dent: “Major Crash” coming for stocks, Commodities already topping out – Aaron Task, Daily Ticker

The first quarter comes to a close today with major averages at or near multi-year highs. Expect "substantial" further gains for stocks before a "major top" occurs in late summer, says noted forecaster Harry Dent, founder of HS Dent and The Dent Method.

The good news, for those long, is Dent predicts the Dow will trade as high as 13,200 by mid-summer and the S&P 500 as high as 1430, or more-than 7% above current levels. The bad news is "then we could see another major crash," Dent says, forecasting the Dow could trade as low as 3300 in a worst-case scenario. "Bubbles go back to where they started or a little lower," he says. "The stock market bubble started at (Dow) 3800 in late 1994."

Marc Faber: QE3 eventually but not immediately

Faber Expects QE3 From Fed 'But Not Right Away'
Bloomberg   Mar. 30, 2011. 06:29 PM EST

Factors driving food prices

Global food prices pushed by three-factor engine    - Steve Leer, Purdue University

1. Grain shortages, Middle East turmoil and extreme weather in critical crop-producing regions have combined to send retail food prices higher this year.
2. American consumers can expect to spend about 4 percent more for food this year than in 2010. Beef, pork and poultry products likely will see even greater price hikes, she said.
3. U.S. food price inflation reached 7.5 percent in September 2008 before falling 10.5 percent by November 2009. It's been moving back up ever since.