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


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 21,082.95 70.53 0.34%
NASDAQ 6,205.26 42.23 0.69%
S&P 500 2,415.07 10.68 0.44%
NIKKEI 225 19,790.01 -23.12 -0.12%
HANG SENG 25,718.71 87.93 0.34%
DAX 12,621.72 -21.15 -0.17%
USD (per EUR) 1.12 0.00 -0.18%
USD (per CHF) 0.97 0.00 0.11%
JPY (per USD) 111.74 0.01 0.01%
GBP (per USD) 1.29 -0.01 -0.45%

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