Charles Nenner the oracle of market cycles has more predictions as listed on this interview on WCBSTV.
Main Takeaways:
* Oil will hit $170 to $180 range
* Oil will hit the top by Q3 2009
* Oil will then start to decline till March 2011
* No worries of recession
* Market will start rebounding by mid-June
* Housing has a long way to go down. Cycle will continue till 2025
FOMC Projections
4 hours ago
1 comment:
i guess he was wrong,
oil prices reached 149 $
and then went down to 33 $ , alot before the third querter of 2009
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