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James Altucher says the Dow is going to 20,000 over the next 12-18 months, but don't bother...

James Altucher says the Dow is going to 20,000 over the next 12-18 months, but don't bother buying stocks. "The game's rigged," he says, "you can't win ... it's all a scam." If you must, buy an index fund rather than individual shares. Don't trust anyone over 30 either.
Comments (14)
  • Dr. Poly
    , contributor
    Comments (362) | Send Message
     
    Don't trust anyone over 30 either - I presume this excludes himself.
    2 Jun 2011, 09:59 AM Reply Like
  • davidingeorgia
    , contributor
    Comments (2713) | Send Message
     
    "Don't trust anyone over 30 either."

     

    Or anyone named Altucher.
    2 Jun 2011, 10:06 AM Reply Like
  • Windsun33
    , contributor
    Comments (4254) | Send Message
     
    If it is rigged, just follow the riggers. That has to be the stupidest statement of the week - going to $20K but don't buy stocks??
    2 Jun 2011, 10:07 AM Reply Like
  • Duude
    , contributor
    Comments (3358) | Send Message
     
    While plenty of stock action is rigged, the statement that, "its all a scam", are words coming from a disillusioned stock jock. I mean what happens when you feel you did weeks of homework only to find your portfolio is in tatters? Regroup and try to find where you went wrong, or blame manipulators, and call it all a scam? This all assumes you're not sticking your money in penny stocks or illiquid companies and still claiming you did your homework. Duh! Altucher will soon be transitioning into a new career. Its his only hope.
    2 Jun 2011, 10:16 AM Reply Like
  • tigersam
    , contributor
    Comments (1711) | Send Message
     
    By December 2012 Dow will be 25K. Never trust anybody and but listen to them. Always do your homework and make your own decisions. Only you can blame yourself if anything goes wrong and you can take credit for your own sucess. Corporations are miniting money without help of economy. If economy goes up little stronger corporations will mint more money.

     

    By Dec 2012

     

    Dow 25K
    S&P 2500
    Nasdaq 5K
    Gold 2500
    Silver 75
    Apple 1000
    FCX 150
    CAT 250
    CMI 250
    2 Jun 2011, 10:20 AM Reply Like
  • Windsun33
    , contributor
    Comments (4254) | Send Message
     
    In March you predicted that (ANR) would go to $65 "very quickly".

     

    Currently @ $51.50
    2 Jun 2011, 11:25 AM Reply Like
  • CharlieM
    , contributor
    Comments (150) | Send Message
     
    tigersam,
    I have a favorite quote posted over my monitor that comes from Benjamin Graham. It states, "The fault, dear investor, is not in our stars - and not in our stocks - But, in ourselves."

     

    I use it to remind me that success and failure are ALL in my choosing plain and simple.
    2 Jun 2011, 11:52 AM Reply Like
  • tigersam
    , contributor
    Comments (1711) | Send Message
     
    I am glad you are keeping me honest.
    2 Jun 2011, 02:25 PM Reply Like
  • Windsun33
    , contributor
    Comments (4254) | Send Message
     
    The only prediction he got right for 2010 is that the world will not end:

     

    blogs.wsj.com/financia.../
    2 Jun 2011, 10:30 AM Reply Like
  • jellybeanjelly
    , contributor
    Comments (2) | Send Message
     
    wtf did he say?
    2 Jun 2011, 10:31 AM Reply Like
  • jja_usa
    , contributor
    Comments (107) | Send Message
     
    "don't trust anyone over 30" that was the VietNam War chant. If recall?
    I am over 30.."trust but verify" maybe ?? [Regan quote] for those under 30..

     

    Now, responding to tigersam, apple 1000, S+P 2500, Nasdaq 5000
    Dow 2500.. ...tiger can I use your money..as I do not see this happening by 31Dec2012..

     

    Oh, Cisco, $500.00..I hope so as I have been accumulating ..and then could stop investing..BUT it won't happen..
    BEST REGARDS..
    2 Jun 2011, 10:40 AM Reply Like
  • tigersam
    , contributor
    Comments (1711) | Send Message
     
    I set that prediction in January. We will talk on 12/31/2011. Make sure you do plenty of exercise and drink lot of water.
    2 Jun 2011, 11:09 AM Reply Like
  • tigersam
    , contributor
    Comments (1711) | Send Message
     
    Here is the quick prediction for you. Labor report for tomorrow 160K UP. Market will go up 75 points.
    2 Jun 2011, 11:16 AM Reply Like
  • Topcat
    , contributor
    Comments (413) | Send Message
     
    Again, I don't understand the vetting process for articles...can just anybody post articles like this? Seekingalpha has really gone down hill...
    2 Jun 2011, 10:49 AM Reply Like
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