MSN posted an article yesterday that explains the reasoning behind one hedge fund manager and investor's prediction that the Dow Jones Industrial Average will hit 20,000 by the end of 2012.
James Altucher cites the Fed's purchase of long-term Treasury bonds, the extension of the Bush tax cuts, a "multiplier effect" from the stimulus and the fact that corporations, some experiencing record profits, have begun (or will soon begin) spending.
He has his detractors, of course . . . but we hope he's right! Here's a link to the article: http://dld.bz/aceve