Posted on 03/11/2011 4:53:07 AM PST by blam
Former Goldman Analyst Charles Nenner: A "Major War" Is Coming At The End Of 2012
Courtney Comstock
Mar. 11, 2011, 7:11 AM
Former Goldmanite and big-picture market forecaster had a grave prediction for FOX Business yesterday.
He started off the interview by saying that he's telling his big clients to get out of the market because the DOW will drop to 5000.
"We went log in 2009 in the first quarter [when] we had a price target of 1356 on the S&P 500 , and we're getting close," he said. "So I told my big clients, hedge funds, pension funds, and big firms to go almost totally out of the market."
"It doesn't mean that we go down immediately, it can take a couple of months. And if we would close in on 1356, which we're pretty close, we're 1% away."
And if we close before 1357, we're in trouble.
But don't get too scared, he says, "the market looks reasonably stable at the moment. So what I think we're at in the beginning of 2011, most of the gains have been taken."
Then he commented on Carl Icahn, answering the question, did he get out too soon? (The huge hedge fund manager recently announced that he's retiring.)
Nenner said that yes, he got out too soon.
"I was on another network and they said that he doesn't understand macroeconomics, and I say, give me a call." (Nenner is the founder of the Charles Nenner Research Center.)
And then he dropped a bomb.
The question was, What would trigger the DOW dropping to 500?
Nenner said, "Well, I don't want to depress you, but I should tell you that I also do war and peace cycles
[snip]
(Excerpt) Read more at businessinsider.com ...
Of course. The Mayan calendar told him so.
Maybe he meant “A major AWARD”.
“Why, it’s a major award!”
The manner that the US is stumbling around with the left hand not knowing what the right hand is doing means that something is going to happen where it spins out of control. And the war came ......
ping
ping
And there is this guy, and the other one, End of America w/ a video, and if you send Him cash you won't get wet.
What to do? Well if it happened yesterday, what would you be doing today? I can't live life with disaster at every bend in the road.
I think he is correct. You can feel it coming, you don’t need to be economist or a psychic to see it.
Once prosperous countries are being brought to their knees by the useless and the ME is about to blow big time.
All of these protests to replace governments is ominous, you know these countries are not going to go with freedom, they are going to go the way of Iran and they have a choke hold on the worlds oil supply. Plus they have nukes!!
Given what is going on in the Middle East a major war is quite likely. I expect that Egypt and maybe Saudi Arabia will be taken over by radical Islamic groups who will declare war on Israel. That could easily precipitate a nuclear war. At the very least these radical groups could shut down the Suez Canal or block oil shipments from the Persian Gulf...again a war producing scenario.
I guess Obama not going to be relected.
Obama gets re-elected in an election rife with election fraud which launches a violent backlash that some liken to a new civil war.
jus sayin.
“I guess Obama not going to be relected.
I pray Obama is not going to be relected.”
He doesn’t need to be reelected. All he has to do is declare marshal law and suspend elections. Under what circumstances could that be done? Think about it.
Yup. And that would result in civil war here.
IMHO.
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