Thursday, August 26, 2010
Charles Nenner's Cycles See Dow 5,000, Gold 2,500 in Few Years (Deflation, Military Conflict)
Charles Nenner, a market timer who studies cycles at the Charles Nenner Research Center, was on Bloomberg TV today and here's a summary of what he said:
We are following Japan (deflation) worldwide
Not much more the Fed can do
Gold is risky in the short term, but sees it hitting $2,500 on a cycle of "major military conflict" starting in 2012-2013.
Sees Dow hitting 5,000 in the next few years
Nenner did market timing models for Goldman Sachs for 12 years. All algorithms! I embedded the video below.