Altucher sees Dow 20,000

Next stop: Dow 20,000 - James Altucher, MarketWatch

10 reasons why the market will soar

1. QE2 has not started
2. Tax cuts from Bush
3. Multiplier effect
4. Non-financial companies sitting on huge cash pile
5. Stock buy-backs
6. Companies hiring temp workers may switch to permanent staff
7. Corporate profits at highest levels
8. Major stocks are dirt cheap  (Forward P/E : AAPL 12x, MSFT 10x, INTC 8x)
9. Innovation
10. Major demographic changes