Despite World's Problems, U.S. Stocks Will Thrive in 2011

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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.
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Markets

DJIA 20,821.76 11.44 0.06%
NASDAQ 5,845.31 9.80 0.17%
S&P 500 2,367.34 3.53 0.15%
DAX 11,804.03 -143.80 -1.20%
NIKKEI 225 19,283.54 -87.92 -0.45%
HANG SENG 23,965.70 -149.16 -0.62%
USD (per EUR) 1.06 0.00 0.01%
USD (per CHF) 1.01 0.00 0.02%
JPY (per USD) 112.19 0.01 0.00%
GBP (per USD) 1.25 0.00 0.01%

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