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Tuesday
Aug242010

Market Strategist Charles Nenner: Dow Could Fall To 5000 In Next 24 Months (VIDEO)

CNBC Video:  Charles Nenner -- Aired today

Purely technical analysis -- all charts, no fundamentals, though Nenner has a solid track record, including calling the recent bond rally back when the 10-year was at 4%.  No word whether Nenner's models accurately account for Bernanke-Geithner PPT futures buying.

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Bonus clip:

Video:  Nenner with Maria Bartiromo on Dow 5000 -- July 15, 2010

 

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Reader Comments (37)

The Dow Jones Industrial Average will lose about half of its value over the next couple of years as it follows a Nikkei-like pattern of several sharp rallies in an overall decline, according to Charles Nenner, founder and president of Charles Nenner research.

http://www.cnbc.com/id/38826988
Aug 24, 2010 at 2:59 PM | Registered CommenterDailyBail
DOW 5,000 CALL -- Market Strategist David Hefty Warns With $17 Trillion Of Leverage In The System, Margin Calls To Hedge Funds Could Trigger Panic (WATCH)

http://dailybail.com/home/dow-5000-call-market-strategist-david-hefty-warns-with-17-tr.html

From May...hefty is more interesting than nenner...
Aug 24, 2010 at 3:04 PM | Registered CommenterDailyBail
I used to be virtually certain of this myself until I realized that wealth is simply being transferred to upper middle class people all over the world and the working class in first world countries like America are becoming impoverished.

Some people call this "making America into a third world country."

But the Chinese, Indian, Brazilian, Singaporean, Chilean and other stock markets have gone up rapidly during the last few years because they sell into a numerically very large upper middle class and wealthy class in their own countries and all over the world. Their poor people grow poorer along with ours but it doesn't matter for total sales volume.

If the multinationals can change their sales targets from ordinary Americans and Europeans to very large world markets of wealthy people in China, India, Brazil .... then they can continue to make profits and even record profits.

I'm not saying this scenario is a certainty but it is a possibility.

If it was easy to get rich predicting the future movement of markets all intelligent people would already be rich.

But it isn't and they aren't.
Aug 24, 2010 at 7:37 PM | Unregistered CommenterJames Street
Jim Rogers has been out for some time.
Aug 24, 2010 at 7:39 PM | Unregistered CommenterZ
This will certainly help the pensions and 401k's, Boehner wants S.S. at 70 (that is just the start), the ultimate goal is to have you drop over dead at work, that way they have extracted every dollar of tax from you without giving nothing back. In third world countries with no retirements, they have opium to remove those old age aches and pains to keep them working...

http://www.cnn.com/2005/POLITICS/05/09/real.delay/

http://www.cis.org/node/409

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=364x2177749

Tom Delay and Jack Abromoffs goal was to eventually bring this "economic model" to our shores, but don't worry' it is all just a coincidence...
Aug 24, 2010 at 7:40 PM | Unregistered CommenterS. Gompers
What do you want Gomp...
Aug 24, 2010 at 7:58 PM | Unregistered CommenterZ
Saying Washington is hampered by "endless spending sprees, entangled tax structures and bureaucracy run amok," the top House Republican on Tuesday demanded President Obama fire his entire economic team and immediately submit a plan to cut spending to pre-stimulus 2008 levels.

http://www.washingtontimes.com/news/2010/aug/24/boehner-obama-must-fire-entire-economic-team/
Aug 24, 2010 at 8:24 PM | Unregistered CommenterZ
"What do you want Gomp... "

You know what I want...


You may also quit idolizing John Boehner, he is no savior, in 2006, Boehner displayed his aptitude for taking advantage of other people's criminal indictments when he succeeded Tom Delay as the House Majority leader.

Electrifying conservatives with his stern pro-business, anti-corruption, small government positions, Boehner would quickly disappoint most of his supporters by approving $9.8 trillion dollars in President Bush's budgets. While most lawmakers are unable to follow through on every promise they make, it is uncommon for a politician to do the complete inverse of every promise they made. Lets not forget his yes vote on the "donation" to the banks in 2008. John is a career politician, nothing more.

Watch what they do not what they say. And before you say "he learned his lesson", they never learn, history proves that.
Aug 24, 2010 at 9:09 PM | Unregistered CommenterS. Gompers
"What do you want Gomp... "

You know what I want...


You may also quit idolizing John Boehner, he is no savior, in 2006, Boehner displayed his aptitude for taking advantage of other people's criminal indictments when he succeeded Tom Delay as the House Majority leader.

Electrifying conservatives with his stern pro-business, anti-corruption, small government positions, Boehner would quickly disappoint most of his supporters by approving $9.8 trillion dollars in President Bush's budgets. While most lawmakers are unable to follow through on every promise they make, it is uncommon for a politician to do the complete inverse of every promise they made. Lets not forget his yes vote on the "donation" to the banks in 2008. John is a career politician, nothing more.

Watch what they do not what they say. And before you say "he learned his lesson", they never learn, history proves that.
Aug 24, 2010 at 9:17 PM | Unregistered CommenterS. Gompers
You don't agree with Boehner? Hmmmm.
Aug 24, 2010 at 11:49 PM | Unregistered CommenterZ
I agree with Boehner about geithner and summers...not continuing the wars...but you already knew that...
Aug 25, 2010 at 1:02 AM | Registered CommenterDailyBail
Do you live in Boehnerville Gobie? He has not done Ohio any favors, he has spent freely while he was at the head of the trough, he loved the bailout in 2008 and got some nice change in his pocket for pushing it, and oh how he loves to solicit fiat currency.

It is a shame you love all those things...
Aug 25, 2010 at 1:16 AM | Unregistered CommenterS. Gompers
Some things only seem to change because they no longer do them right in front of you.

http://www.youtube.com/watch?v=MAC2xeT2yOg&feature=search
Aug 25, 2010 at 2:23 AM | Unregistered CommenterS. Gompers
Someone called me a moralist once when I was very young and I was insulted.

I've always thought of myself as a libertarian-anarchist (the word anarchist sounds like atheist so people usually use the word libertarian in the same way they use the word agnostic.)

But when you realize just how pissed you are at people that do things you don't like them to do then it is hard to stay in "the live and let live" camp and resist joining "let's make things better" camp.

How do you justify calling yourself a libertarian and not a progressive when your deepest feeling is to put all of these people in jail for stealing so much money and betraying the trust of the electorate?

I mean where does "live and let live" begin and end and where does "kill the bastards" start?
Aug 25, 2010 at 12:11 PM | Unregistered CommenterJames Street
JamesS, maybe you are a Social Darwinist. In that case, you could go after those bastards to close the loop.
Aug 25, 2010 at 1:53 PM | Unregistered CommenterZ
Man DB, can't you trust me and open up the debate and postings in here to attract at least a few people right of Obama.
Aug 25, 2010 at 1:55 PM | Unregistered CommenterZ
So how do you feel stifled around here?

Is it because I attack Republicans as well as Democrats...
Aug 25, 2010 at 2:08 PM | Registered CommenterDailyBail
http://www.youtube.com/watch?v=LyEJxzQM24Q

I'm okay with it. I understand it.
Aug 25, 2010 at 2:15 PM | Unregistered CommenterZ
i can't listen to bjork...and it's not about the pope thing on snl..that didn't bother me...
Aug 25, 2010 at 2:35 PM | Registered CommenterDailyBail
That wasn't Bjork.
Aug 25, 2010 at 2:40 PM | Unregistered CommenterZ
I'm not a Social Darwinist because I learned a long time ago that it isn't the strongest and best who survive but often only the lucky, the pampered and those who stay closest to the center of the herd.

When you contemplate that the cold blooded dinosaurs were wiped off the face of the planet 60 million years ago by a chance meteorite that caused a two-year-long nuclear winter then Social Darwinism seems like nothing more than a futile fantasy.

Scientists have discovered dinosaur skulls the size of human skulls and are almost certain that they housed brains as large as ours.

Our ancestors, who were tiny lemur-like, warm blooded animals the size of a mouse who hung from trees and watched the dinosaur action from the safe distance of their high perches, survived the nuclear winter because they had thick fur and could maintain their body temperatures while the cold blooded dinosaurs could not.

The concept of "social" Darwinism seems even less useful than Darwinism which is the physical survival of the fittest.
Aug 25, 2010 at 2:43 PM | Unregistered CommenterJames Street
Don't get me wrong, Bjork is crazy too.
Aug 25, 2010 at 2:43 PM | Unregistered CommenterZ
Well JamesS, on that we can agree.
Aug 25, 2010 at 2:44 PM | Unregistered CommenterZ
umm..the first clip was bjork...watching the snl clip now...i like the song...
Aug 25, 2010 at 3:00 PM | Registered CommenterDailyBail
man...that was some incredible...hadn't seen it in decades....awesome...sinead o'conner has a big bag of cojones...
Aug 25, 2010 at 3:03 PM | Registered CommenterDailyBail
I mean where does "live and let live" begin and end and where does "kill the bastards" start?

Not where James, but when. The way our society is collapsing that when maybe right around the corner.

D.B. I am amazed Sinead can walk upright with balls that big.
Aug 25, 2010 at 4:10 PM | Unregistered CommenterSagebrush
Sagebrush:

It was only a few years ago that if you warned people of a housing bubble or a dot com bubble they wanted to drain blood from your body.

Now they want blood from those compliant bankers who loaned everyone and his insane uncle money for no money down.

Both sides, lenders and borrowers, were motivated by greed and easy profits.

And the whole system was bad but while everyone was partying just a few curmudgeons complained.

The problem is, when any government or society collapses the people show themselves to be a savage, bloodthirsty mob who have to be restrained by the most brutal violence from existing powers.

I don't think any of us wants to see the United States devolve into civil war or revolution.
Aug 25, 2010 at 5:02 PM | Unregistered CommenterJames Street
DB...The Pope thing wasn't Bjork is was Sinead. That was my point.

As for Sinead, it's not balls, it's naivete.

She can go sing to Ahmadinejad and his new drone, "the Ambassador of Death".
Aug 25, 2010 at 6:07 PM | Unregistered CommenterZ
my bad on the bjork/sinead mix up...and i disagree...balls...
Aug 25, 2010 at 6:27 PM | Registered CommenterDailyBail
Yep..... It's Balls, and they're huge.
Aug 25, 2010 at 7:37 PM | Unregistered CommenterSagebrush
James:

I don't want to see blood in the streets anymore than you do.

However when a society is as riddled with corruption and inequity as the United States is today collapse is almost a certainty. I wish I could believe that things are going to work out but I don't see how.

Both parties of the government are corrupt, incompetent, and compromised. I don't think they have any idea how to straighten this mess out. Both parties contributed to this recession and instead working together to fix it all they do is blame each other for causing it and make sure the elite wealth is protected.

There is one other thing you can bet they will do. At the first sign of resistance by any individual or group of people they will overreact big time, as they usually do. That is what I think will light a fuse they will regret lighting. There are lots of real pissed off people out there and those idiots in their crystal towers on Wall Street and in D.C. are not paying attention.
Aug 25, 2010 at 9:02 PM | Unregistered CommenterSagebrush
I wonder what will come of the tea party rallies in DC this weekend...
Aug 25, 2010 at 9:27 PM | Registered CommenterDailyBail
Sagebrush:

It's not as bad as you think but it's worse than it has been since the Great Depression.

But if you compare our history with Europe's or Russia's or China's, for example, we've got a long way to go to experience the kind of chaos they've experienced.

Human nature has always had a venal side and we Americans have a great deal of blood on our hands. But we we're lucky enough to have been a virgin continent and a magnet for all the oppressed peoples of the world and those ancestors are, paradoxically, our strength.

But yes, we could implode. It seems to many that we are at the same place Rome was during its civil wars and just before Caesar (reluctantly) brought an end to the Roman Republic.

All I ask is that you study history if you want to know what's coming. It's our only guide. Forget your intuitions. None of is as old as Methuselah so we need history.

Just because it is worse than it has ever been in your lifetime does not mean that we are ready for a revolution or civil war!
Aug 25, 2010 at 9:50 PM | Unregistered CommenterJames Street
James:

I hope your right, but just in case a storm blows in I'm keeping my boats close to shore.
Aug 26, 2010 at 1:17 AM | Unregistered CommenterSagebrush
Well, you can never tell.

During the American Revolution about 40% of Americans sided with the British, if my memory serves me right. They were, obviously, conservatives. Most of them were forced to move to Canada after the American victory.

Washington, Jefferson, Adams, Hamilton, Madison, Franklin and the other revolutionaries were given the death penalty by King George if they were captured.

The best strategy depends on your age, politics, wealth and health. There's no easy answer.
Aug 26, 2010 at 1:24 AM | Unregistered CommenterJames Street
Hey Gobie, I think this guy above is looking for you. He might be able to help with your little problem...
Apr 9, 2011 at 9:18 AM | Unregistered CommenterS. Gompers
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