Dow Jones industrial average

Charles Nenner, founder and president of Charles Nenner research, forecasts that the Dow Jones Industrial Average will lose about half of its value over the next couple of years as it follows a Nikkei-like pattern of several sharp rallies in an overall decline.

 As the Group of 20 leaders confirmed their intention to keep supporting the world economy thus strengthening investors’ desire for risk the US stock rally send the Dow industrials to a 13-month high on Monday.

Meantime, the US dollar dropped to a 15-month low, bolstering commodity prices and materials stocks. Freeport MacMoRan Copper & Gold Inc shares shot up 4.6 percent to $83.20 and the S&P materials sector index gained 3.2 percent.