Annie
Diamond Member
- Nov 22, 2003
- 50,848
- 4,828
- 1,790
What do you think of this?
He Called the 2007 Top and Recent Rally, Now Charles Nenner Sees Trouble Ahead for Stocks: Tech Ticker, Yahoo! Finance
He Called the 2007 Top and Recent Rally, Now Charles Nenner Sees Trouble Ahead for Stocks: Tech Ticker, Yahoo! Finance
...Well, there must be some method to the madness because the former market-timing consultant at Goldman Sachs has made some stellar calls, including:
Forecasting a Dow peak of 14,500 in the summer of 2006.
Calling the market top in October 2007.
Forecasting in late 2007 a deflation scare would occur in 2008, something he says isnt over yet.
In February 2009, predicted a major rally would start in a few weeks and could take the S&P as high as 1000.
So what is Nenner saying now?
After some short-term gains to coincide with month-end window dressing, Nenner predicts the stock market will turn south, possibly sharply.
Im still worried we could test the lows, he says, suggesting a break of S&P 850 would make that grim outcome a near certainty.
Check the accompanying video for more on Nenners analysis, including some insights on how he uses the past to predict the future.