Despite World's Problems, U.S. Stocks Will Thrive in 2011
Dec 13th 2010 5:46PM
Updated Dec 14th 2010 12:50PM
Think U.S. stocks can hold their own against a faltering European economy, Chinese inflation, the housing bust and skirmishes taking place in South Korea? A number of economists, including Gary Shilling and David Rosenberg are urging investors to get out of the market. They foresee a big hit to the economy-- and to stocks -- coming soon. But James Altucher, managing director of Formula Capital, sees things a different way and argues that yes, the U.S. can hold its own -- and in fact will do very well in 2011. That would be very good news for U.S. investors.