Charles Nenner Predicts Dow 5,000 As Cycles Turn Down, Annual Gain Reverts To Mean

Charles Nenner, cycles analyst at the Charles Nenner Research Center, who introduced DV to the sunspot cycle on CNBC in 2010 (which is another reason why he sees the Dow turning down because the sunspot cycle peaks this year), told Bloomberg TV on March 4 that he still sees the Dow falling to 5,000 by 2017-2018 (down 65% from here). He sees the current up-cycle peaking in 2013.

He also made an interesting point that the Dow's average annual percent gain is currently above the long-term average of 7-8%, so the market needs to fall by 40% to revert back to the mean. He also talks about Apple's ($APPL) and Intel's ($INTC) cycles as well.



(Bloomberg.com video link)

For some reason videos embedded from Bloomberg.com appear below the blog's template on iOS devices (iPhone/iPad). For me at least.

Comments

  1. He made a similar call back in 2010 http://www.youtube.com/watch?v=KRyfwjoeLz8

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  2. After he mentioned the sunspot cycle on CNBC in 2010 and I saw NASA's chart, I was kind of confused why he said the market would peak in the middle of the sun's bull market.

    chart http://www.distressedvolatility.com/2013/03/sunspot-cycle-is-diverging-with-s-again.html

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  3. So maybe this time all the stars aligned for the right move ;)

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