This is a video taken from MarketWatch of James Altucher who gives his reasons why the S&P500 will hit 1500.
While Mr. Altucher is entitled to his opinions, his analysis provides little context as to when this blessed event will happen. I don't doubt that at some point in time in the future the S&P500 will trade back to its October, 2007 highs above 1500. But when will that be? 5 weeks, 5 months, or 5 years? How long will I have to wait, Mr. Altucher? Will prices take off today and head towards 1500 or do we have to lose 15% first? And why stop at 1500?
This is just bad analysis -plain and simple - from an individual who (I hope) can do better than this.
I don't know Mr. Altucher personally, but I know of him from my days at TheStreet.com. At one time, he was a serious student of the markets having written several books about trading. He is a good thinker and maybe even an innovator, and this kind of boastfulness does not serve him well. It is too "Cramerish". It is too much like the man hawking some miracle tonic at the carnival. It provides little benefit for the serious investor.
To further my point, how credible could this analysis be from a person who espouses having the government buy 10 million S&P futures for 100 straight days?
This is just bad journalism and bad analysis.