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.

By Guy Lerner

http://thetechnicaltakedotcom.blogspot.com/

Guy M. Lerner, MD is the founder of ARL Advisers, LLC and managing partner of ARL Investment Partners, L.P. Dr. Lerner utilizes a research driven approach to determine those factors which lead to sustainable moves in the markets. He has developed many proprietary tools and trading models in his quest to outperform. Over the past four years, Lerner has shared his innovative approach with the readers of RealMoney.com and TheStreet.com as a featured columnist. He has been a regular guest on the Money Man Radio Show, DEX-TV, routinely published in the some of the most widely-read financial publications and has been a marquee speaker at financial seminars around the world.

© 2010 Copyright Guy Lerner - All Rights Reserved
Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.

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