Monday, May 2, 2011

James Altucher: The Dow’s Going to 20,000 But DON’T Buy Stocks

Among all the regular guests on The Daily Ticker (nee Tech Ticker), few have been as consistently bullish as James Altucher of Formula Capital. (See: "It's Paid to Be Bullish": James Altucher Demands Apology from Mish, Roubini)

Heading into Friday major averages were up 9 of 11 sessions and hovering near the highest levels since Spring 2008. So you might think Altucher would be ready to declare "victory" and turn cautious. Instead, he is upping the ante on his bullish call, predicting the Dow will hit 20,000 and the S&P will eclipse 2000 before the current rally runs its course.

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