Charles Nenner is the brain behind the “Nenner Cycle”. He previously worked for Goldman Sachs and a number of other firms. He now has his own research center, named the Charles Nenner Research Center. His job is to look at his crystal ball and predict major movements in the stock market. The market call above was made 2010. The Dow has added almost 8,000 points since that prediction. That is one call but maybe his crystal ball was cloudy that day. He never claimed that he was ever wrong on a market call and continues to make outrageous predictions. Oh and he’s always on T.V. doing his fortune telling scaring the crap out of people. The media outlets are happy to host him since his crazy predictions drives ratings. If you like to be entertain you can also subscribe to his newsletter.
This goes right up there with this classic, Dow 36,000 (image below), published in 1999, shortly before the dot-com bubble burst, and predicted that the Dow would rise to 36,000 within a few years. By the way, as the cover suggest, it deserves to be on the same bookshelves with the work of Benjamin Graham, Peter Lynch, and Warren Buffett. I wonder how do they feel about having their name on that book. You can find it on sale for $0.01 a copy. It’s too bad we don’t have the penny anymore in Canada.