Charles Nenner, appearing on CNBC earlier today is predicting a stock market rally into the end of the year, then a pretty rough 2008, and a deflation scare.
Charles Nenner's system is based on economic cycles, complex mathematical equations, and determinism, which is to say he believes that he has a system he believes can predict the trends and price points in various markets in advance. This sounds crazy, except he has been remarkably (frighteningly?) accurate in some of his predictions.
Right now, he is calling for a year end rally, with more to go, roughly to mid-Dec. His price target on the Dow is around 14,300.
In terms of 2008, he predicts a tough stock market February and March, and a very volatile year overall, with 3 to 4 roughly 15% corrections. He believes 2008 will be a very difficult year to make money in.
Charles Nenner believes we are right on the edge of a deflation scare. - Source: By The Actual Smartest Guys In The Room
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