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

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’…