Charles Nenner is Cautious on Economy, Sees Dow 5,000 in 2013, Likes Exxon (XOM)

Charles Nenner, founder of the Charles Nenner Research Center, was featured on Fox Business, CNBC and Yahoo Finance Tech Ticker earlier this month. Here are a few quotes. He shared his cyclical views on the economy, oil, ExxonMobil, copper, gold and Treasury yields. Find the videos after the jump.

"What our indicators show is that this bounce in the economy is going to be over in a couple of months. Which worries me because everybody now thinks that times are good, and we are not taking the measures we have to. And we'll get scared again in a couple of months when the economy is going to be weaker than expected." (Charles Nenner on Tech Ticker, 3/10/2011)

He still sees the Dow falling to 5,000 in 2013! The catalyst? War (and the sun spot cycle).

"I don't want to depress you, but I also do war and peace cycles and it shows that we're going to have a major war starting at the end of 2012 and 2013, and I think that is what's going to do it" (Charles Nenner on Fox Business, 3/9/2011)



Nenner talked about Treasury yields, oil and Exxon in the video He's been predicting military conflict and Dow 5,000 for a while now (8/26/2010-Bloomberg, 11/30/2010-CNBC *sunspot cycle chart*, 12/6/2010-Tech Ticker).