Bloomberg Radio: “Taking Stock” with Pimm Fox | Update on Stock Market in August

The program presents an overview of the market cycle as explained by Dr. Charles Nenner:

• Currently, the cycle low is near;
• Bullish into mid-August (a higher high than before);
• Uncertain about emerging markets at present (problems in Chinese banking);
• Commodity cycles have declined;
• Understanding of short- and long-term cycles;
• Crude prices will fall until the end of 2010;
• Avoiding gold;
• We are currently experiencing a very difficult economic situation because the whole notion of consumerism has changed.