Charles Nenner Predicts 2008 Will Be a Bad Year for Stock Market
Charles Nenner appeared on CNBC early Thursday morning, and announced his predictions for the coming year. While he predicts a stock market rally into the end of the year, 2008 looks a bit more bleak. Nenner predicts that 2008 will be a rough year, and that we are right on the edge of a deflation scare.
Right now, Nenner is calling for a year-end rally until roughly mid-December. He has a price target on the Dow around 14,300.
As for 2008, Nenner expects a tough stock market in February and March, and a very volatile year overall. He is predicting 3 to 4 corrections of about 15%, and says that 2008 will be a difficult year to make money in.
Nenner's system is based upon complex mathematical equations, economic cycles, and determinish, which he believes can predict the trends and price points in various markets in advance.
Charles Nenner is a professor at Touro College. A video of his appearance today on CNBC is now available online.
Comments
Not gonna happen
stock are going much higher in 2008
http://iamned.com/blog/2007/11/06/google-must-buyout-facebook-for-30-billion-or-more/
It did happen
Oops......somebody missed that one.
hubris
Not gonna happen
stock are going much higher in 2008
http://iamned.com/blog/2007/11/06/google-must-buyout-facebook-for-30-billion-or-more/
reply
Submitted by iamned (not verified) on December 6, 2007 - 1:22pm.
this was a horrible forecast
this was a horrible forecast -- he could not have been more worng
He predicted the market would end the year flat !
The only one more wrong than Nenner, is that iamned -- clearly a clueless clown
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