Video: Global Warming Is a Myth: James Altucher Says Invest for a Colder Planet

[link to finance.yahoo.com]


Global warming is a myth, or at least far from certain, according to James Altucher, managing director of Formula Capital.
"Peak temperatures world wide were hit in 1998 and the world has been cooling ever since," Altucher says. Over the same time period, carbon emissions have gone straight up. "Does that mean the linkage between carbon emissions and temperature is not real?," he wonders. "Maybe it is, maybe it isn't. But so far in the past 10 years the evidence is there's no linkage."

Noting there's arguments and counterarguments on both sides of the global warming debate, Altucher declares: "Nobody really knows" whether the globe is heating or cooling or how much is manmade and how much is just the Earth's natural cycle.

For investors, Atucher says the message is clear: Avoid solar stocks, since solar power is "never efficient" without massive government subsidies.

For those looking for ways to invest in a global cooling theme, Altucher recommends Campbell's Soup and American Ecology Group, which does waste management - including nuclear waste.