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Dow 20,000 vs. ‘The End of America’: Altucher Debates Stansberry

Dow 20,000 vs. ‘The End of America’: Altucher Debates Stansberry

2011-08-17
Source: Yahoo


Dow 20,000 vs. ‘The End of America’: Altucher Debates Stansberry

When it comes to the market views (and hairstyles), James Altucher and Porter Stansberry couldn't be more different.

Altucher is perennially bullish and made a "Dow 20,000" forecast on The Daily Ticker earlier this year.

Stansberry, on the other hand, caused waves when he discussed his "The End of America" video presentation in an interview here in February.

Given all that's gone on in the past few weeks — S&P's downgrade, huge market swings, Europe's implosion, the debt-ceiling dysfunction, etc. — we thought it'd be fun to get Altucher and Stansberry together for an old-fashioned bull-bear debate.

True to form, Stansberry remains extremely negative while Altucher is resolutely upbeat.

"A lot of great things are going on," Altucher says, citing:

  • Stronger-than-feared economic reports such as ISM, jobless claims and housing starts.
  • Strong second-quarter earnings and attractive valuations on stocks such as Apple.
  • Corporations starting to put cash to work via mergers (See:




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