Altucher- Bears ae dead wrong, S&P to 1300 in 2010

Quote from Petsamo:

There's still a long way to go with 2010, and S&P 1300 is not that far up. I'm no expert, but I could've told you guys that we can get to 1300 in 2010 ...
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altucher can easily be proven correct. You folks have way too itchy trigger fingers and short term views.
 
Quote from Darkpoolpinger:

altucher can easily be proven correct. You folks have way too itchy trigger fingers and short term views.
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He's down 11% in a month on a call that had a max 12% upside target. That's terrible timing even if he is ultimately proven right.

I'd like to know where his stop is, or if his risk control plan is to just hold on and pray for a rebound. With a market that's rallied 80%+ in 1 year, that would be a pretty risky strategy.
 
The end of 2010 is still 6 months away and this is an election year. It seems to me a guess of 1300 for the S&P by the end of 2010 is not at all unreasonable. We are at 1090 as I write this.
 
Ghost of Cutten is right...but that is immaterial to these pundits because they count on the fact that a majority of market followers don't sweat the details and will forgot this latest correction IF the market does close above 1300 sometime in the next 6 months.

Why this stuff gets ANY press whatsoever is a mystery to me. I think a 5 year old kid pinning the tail on a donkey is about as analytical as a wind at your back analyst throwing this number out there after the market rallied 70% off the lows. Notice there wasnt any downside support level to invalidate the call either.

Of course the guy will be back shortly if we are 5% higher from here any time soon. Dime a dozen, these slithery creatures.
 
1300 is only possible if they continue to print worthless dollars to stimulate the slow economy. Without stimulus GDP is going to fall pretty hard over the next 18 months. I'm sure they will get ready to thrown another stimulus package at the economy, they have to because its the only thing they know how to do. Sad isn't it.
 
Quote from Vishnu:

First off, i'm not just bullish on the markets but on stocks as well. Last year at the bottom I was recommending at thestreet.com stocks like GNW (at a dollar), TGB (at 1.80), STEC (at 6), AGO (at 9), etc and even in October, 2008 i was recommending GS at 100 and FCX at 60.

Better to be bullish than to be short the market at Dow 7500 which most other pundits were apparently doing at that time.

Ultimately bulls make money in the long run (Buffett put $20bb to work in October 2008. He was too early but it paid off).

And, btw, Stockpickr was not linked to a broker and was getting over 1mm unique visitors per month at its peak (when I was still there).

-James Altucher
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You were bullish, and proud to be bullish, right at the top! :)

When you become bearish, could you do us a favor by posting here?

I would guess that most people think that you are reading this thread but you do not have the courage to post.
 
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