David Gurwitz of Charless Nenner Research joined us for a market forecast review. Nenner is predicting major blood in the streets. The Dow and the economy are both headed dramatically lower. Interestingly, he doesn’t attribute this state of affairs to political leadership or to market trends. Rather, he follows cycles, some hundreds of years in the making, to determine the future direction of numerous markets. His calls have been quite prescient too, recently he called Apple’s top at 707. Before that he was urging clients to get out of the market in 2007, right before the crash. Whether you believe in cycles or not, his research warrants a look.
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