Sunspots Predict 'Major Crisis' After 2013: Chartist
29 November 2010
, by Antonia Oprita (CNBC)http://www.cnbc.com/id/40412747/Excerpt:
Sunspots are moving in direct correlation with activity in the markets and they are predicting a crisis in about three years, technical analyst Charles Nenner told CNBC Monday.
If there is a high intensity of sunspots, markets rise, if their intensity lowers, markets go down because sunspots affect people's mood, Nenner explained.
Nenner is known to be outspoken and somewhat unconventional in his views. Indeed last summer he predicted the Dow would plummet to 5,000. Nevertheless, he has a following in the investment community after he correctly predicted the top for the Dow in 2007, and has a reputation as a solid money manager.
"What (former Federal Reserve Chairman Alan) Greenspan called exuberance is just the fact that these sunspots were going up," he said. "If you really study it, (sunspot activity) is very regular."
Investors can check the NASA Web site for predictions regarding sunspot activity, Nenner added.
Markets are likely to "muddle" through until 2013 "then we will go in a major crisis based on the sunspot activity," he predicted.