Monday, August 12, 2013

Technician Charles Nenner: Markets Going Nowhere Next Eighteen Months

by James J Puplava CFP
Financial Sense

Jim welcomes noted technician Charles Nenner this week. Charles sees the markets going nowhere, on balance, over the next eighteen months, and advises investors to stay in cash and come back later. Charles also warns against those still in bond funds, and suggests using any bond market rally as an opportunity to get out bond funds. He sees gold as a so-so trade, despite its large pull-back, and doesn’t see a large advance until inflation heats up. This week Chris Puplava and Rob Bernard join forces for a special report. They look back at the market crash of 1987, and contrast the underlying causes and market conditions with today’s environment. Erik Townsend also looks at the commodities markets this week.
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