Loading ...Dow Jones Industrial Average 5000 in 2020?
This video interview with Charles Nenner was posted 3 weeks ago (June 24th, 2020).
Charles has made some incredible calls recently with respect to the U.S. stock market, interest rates, crude oil prices, commercial real estate, and U.S. unemployment.
Watch this video and find out what he thinks will happen in the second half of 2020 and the coming years.
He has a great reputation BUT how come I never hear him making these incredible calls before the fact…only hear about them after the fact.
Seems like it to me
Well, for one thing, I don’t think he gets much respect from the mainstream financial media and perpetual bulls.
He may be viewed as a threat to their power structure and agenda.
I suppose that you could subscribe to his service to get his forecasts ahead of time. Then you will know for sure.
Also, he is an occasional guest on USA Watchdog with Greg Hunter (web site).
Back in January, he predicted that the DJIA would drop 40 percent and he advised his clients to get out of stocks… ALL stocks, including gold mining stocks.
Here is a link to earlier interviews with Charles Nenner that substantiate his forecasts. https://usawatchdog.com/?s=Charles+Nenner
You will likely find some predictions that he has made that did not come to fruition. However, nobody in the game of baseball makes it to first base every time they come to bat.
Thanks Homer
This is a bold call …if he’s wrong it could damage his reputation.
Shall see
You are welcome, Fully.
I would say that the forecast he made in January of this year for a 40% stock market crash was fairly bold, and he nailed it.
Also, his call for $5.00 crude oil price in the futures market was way out there and he nailed that one.
As for 5000 on the DJIA sometime this year, now that is truly a bold call!
However, when almost everyone is piled onto the same side of the boat, it won’t take much to capsize it.
There could be an external event (or an internal event) that could trigger a crash.
I don’t know what software he is using, but it appears to be based on cycles and probabilities.
Apparently, he had worked as a quantitative analyst for Goldman Sachs for many years.
I have an odd case — not Nenner. Unfortunately I seem to have gotten rid of the relevant email.
There is a chartist who is also an astrologer, an Arch Crawford. Year after year he ranked high against other timers for stocks or gold. In those Barron’s things where they cite newsletter writers his calls often seemed right. I thought astrology didn’t make sense, but, intrigued, I subscribed for years. As with most TA there was too much bunkum (sorry), and I couldn’t quite bring myself to believe the astrology part of it either. Moreover his calls weren’t 100%. I did what I thought was right on my own. But I subscribed for years, partly because he was fun to read. I even subscribed to his extra daily update service for a while. I ended up too busy and quit subscribing to save money about a decade ago. I did enjoy his service and consider him careful, intelligent, and conscientious.
Out of the blue around a half year ago I received an email — a promotion — stating with an exact date — that the market was pretty sure to crash, that there was a concatenation of bad stuff coming to a head on that date late in February. He was off by a very few days only. Once again he called one.
Go figure.
If I find the email that I think I discarded I will figure out an excuse to display it.
I remember him. Never subscribed but found him one of many over the years to be interesting, occasionally with a real good call. Like many others, Granville, Prechter, Stan Weinstein, Marty Zweig etc. etc.
This is a link to another interview with Charles Nenner from 5 days ago (July 10th, 2020).
Much of what he said is repeated here, however, there are some new perspectives related to the virus, technology, political correctness, social unrest, etc.
https://youtu.be/_7d0EVuWWjk