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Charles Nenner forecasts the Dow to crash to 5,000 by 2017-8

Posted on 06 March 2013 with 1 comment from readers

The Dow Jones hit a new all-time high yesterday but the cycle is about to turn, argues technical analyst Charles Nenner who correctly called the 2007 downturn. His business cycle analysis is showing a huge economic downturn coming, starting this year. But when will the stock market start to price this in?

In a ‘couple of week’s time’, says Mr. Nenner who sold the holdings he manages two weeks ago… He discusses the markets and his prediction of the Dow dropping to 5,000. He speaks on Bloomberg Television’s ‘Street Smart’…

Posted on 06 March 2013 Categories: Banking & Finance, Global Economics, Investment Gurus, US Stocks, Video Channel

1 Comment posted by readers:

Comment by Steven - 15 December 2013

I guess his quote about ” but the cycle is about to turn” is completely off. Gotta love the bears!

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