Authored by Greg Hunter via USAWatchdog.com,
Renowned geopolitical and financial cycle expert Charles Nenner says forget what the mainstream media talking heads are telling you about this market.
Nenner says, “When unemployment is low, it’s the end of the bull market. Last Sunday, I published a chart that shows every time the unemployment is around 4.1% or 4.2%, and you can see this in 1973, 1987, 1990 and 2007, and you can go on and on, and now, also, you have a market crash. I find it amazing that people can come on television and say things that are totally wrong factually, and you can prove it is wrong.”
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So, Charles Nenner is calling a top right now, but the market is not going to go straight down. Market tops are a process. Nenner explains,
“The cycles saw a market top. It doesn’t always have to come down immediately, it just means the market will not go higher. I don’t think we will go back to the highs one more time because the quarterly cycle, and it is a long cycle, did top at the end of last year. I also want to put in a caveat about all this talk that we are in a 10% correction. Somebody came up with 10%, and it is not based on anything…
The fact is we are totally out of stocks. What is coming is big, but market tops take time. I don’t think it’s going to go down immediately.”
When will this new bear market hit bottom? Nenner says,
“We should hit a major low in 2020… I have been on record saying that the next bear market goes down to 5,000. If you are in stocks, I say you could lose everything if the DOW goes to 5,000. This is the price target I have had for a couple of years.”
What does Nenner think you should buy for protection? Nenner says,
“You buy gold because nothing else is going to keep its value. Gold is going, as I have said for a long time, to $2,500 (per ounce) at least. Again, you buy gold because nothing else will keep its value.
Stocks can go down, you can get stuck with some losses in the bond market, the housing market will go down based on homebuilder stocks and the financial system can scare you. So, what is left? Buy gold.”
Join Greg Hunter as he goes One-on-One with financial expert Charles Nenner of the Charles Nenner Research Center.
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After the Interview:
Charles Nenner points out if you look back every year that ended in the number 7, it was a market top year. He said, “2017 will follow the same pattern as 2007, 1997, 1987, 1977, 1967, 1957, 1947 and 1937.” Nenner contends 1927 was supposed to be a market top year, but things got distorted and it was pushed off until 1929.
Nenner predicts the next market crash will not be quite as bad as 1929, but it will be bad.
There is free information and videos on CharlesNenner.com. To sign up for a free trial of Nenner’s detailed analysis, click here.
Soooo, … when lots of people are working I always assumed that was a relatively good thing, even a strong economy.
But, noooooo ….. it means a market crash is coming.
WTF, Fuk me dead. That’s why I don’t read financial shit. Confuses da fuk outta me. And don’t even try to ‘splain it to me. Ignorance is bliss, and I like my blissy life.
Debt based system=top when there’s full employment and all levels have feasted on too much debt and inflation is killing the standard of living, so drain liquidity by OMC selling bonds and hiking interest rates=debt pigs stop consuming(many go banko) and over levered companies fire people or go bancko! Growth ends and bad debts are supposed to be purged and economy recesses and contracts killing inflationary pressures!
The hope recessions will only be short and mild, but with 240 trillion in debt around the globe it will be a bloodbath!
Stucky cruising the boulevard in his Mercedes wearing his coonskin cap….
“All my friends know the low rider
The low rider is a little higher
Low rider drives a little slower
Low rider is a real goer
Low rider knows every street, yeah
Low rider is the one to meet, yeah
Low rider don’t use no gas now
Low rider don’t drive too fast
Take a little trip, take a little trip
Take a little trip and see
Take a little trip, take a little trip
Take a little trip with me”
Stucky, I think what he means is that the stock markets don’t react based on what is going on now but on perceptions of the future. So if unemployment reaches rock bottom, that means that things can only get worse from here so that is bad for the markets. Capisce?
But according to almost all articles and posters at TNP unemployment is the worst in history, as bad as the Great Depression or worse.
Anon……….Earlier, I was going to make a comment but I didn’t. Your comment nudges me…………
The Government reports -Unemployment (which one do you want to use), Inflation, GSP, etc. have all changed over time, and drastically. If the old methodology was used to print current reports, yes, unemployment would look terrible.
The author of this article is using results from the past, which are derived much differently than today and melding them with more current results which are determined quite differently – and he is basing his decision on this flawed statistical approach.
You think the same way.
The reports have been figured by the same standards for decades.
If they weren’t, there would be no way to make valid comparisons and each would have to stand alone without reference to previous reports.
Which would make any reference to past figures meaningless and of no use in any arguments using them.
Yeah, just like standards for measuring inflation are the same.
sarc/
The markets have turned down after failing to make a higher high, which is very bearish technically. The tariff news is just the media trying to place the blame on Trump, but in reality what is killing this market is interest rates and in particular the cartel of banks known as the Federal Reserve draining liquidity from the market. I’m assuming the goal is to have the market down 20% by the time the midterm elections hit in November to sweep out as many GOP members as possible with the news of a “Bear Market.”
I think you’ve got the first part right, TC. But, I’m not sure about the second part.
I’m with you, the market drop has nothing to do with the tariffs. It’s illogical that it would.
I’m not sure, however, that the Fed, having sopped up a tablespoon from the ocean of world-wide Central Bank liquidity and ‘unfixing’ the price of money by a quarter of one percent, is the driver either.
Nor do I see that the Fed would gain from an engineered drop in equity prices for political reasons. They NEED the illusion to continue…otherwise all hell breaks lose.
So, I agree that there is no road but down because, having moved the world economy out onto a ledge with so little left on firm ground to maintain its balance, there is no further room out on that limb (to mix the metaphor).
The reaction part of action/reaction equation is about to commence. The rubber band is returning to its resting state.
The other side of ‘average’ is about to be felt.
Pick up a Stock Trader’s almanac – the fed’s political bias (generous monetary policy for Democrat Presidents, tighter money for Republicans) especially leading up to elections is obvious in the data. Funny that the biggest complaint against Greenspan (up until 2010 or so) was that he kept interest rates too low for too long, but Greenspan was a dime store piker compared to what Bernanke and Yellen did for Barky. In a world that’s only kept running by more and more quantitative easing, any tightening is significant.
“I’m about to repeat what I said at this time last year and the year before…
Sooner or later a crash is coming and it may be terrific”.
– Roger Babson September 15, 1929 and we all know what happened on October 24, 1929
Most everyone treated Babson’s pronouncement with derision and laughter.
Can you hear all the laughter out there? Why yes… Yes you can! Nenner is wrong. Ha, ha, ha…
You know things are bad when “It’s Gonna Crash!!” articles elicit only 12 comments and everyone else yawns.
A decade of similar articles will do that.