Jeremy Siegel, a professor of finance at the University of Pennsylvania's Wharton School, talks to Bloomberg about the outlook for the U.S. stock market. Siegel also discusses corporate earnings and Federal Reserve monetary policy. Timothy Mulholland, managing partner at China-America Capital Co., also speaks.
Siegel sees S&P 500 earning goes over $94 in 2011, surpassing that of 2007, when the market was at 1570. He sees stock valuation the most compelling since 1950s, given the long bond rate at 2 to 3 %. He thinks the earnings nowadays are of better quality than 2007 when financial companies took a lion share of the S&P 500 earnings.
The bullish professor sees the market goes up another 8 to 10% from this point on.
(Source: Bloomberg)
I want see Siegel debating John Hussman.
Siegel sees S&P 500 earning goes over $94 in 2011, surpassing that of 2007, when the market was at 1570. He sees stock valuation the most compelling since 1950s, given the long bond rate at 2 to 3 %. He thinks the earnings nowadays are of better quality than 2007 when financial companies took a lion share of the S&P 500 earnings.
The bullish professor sees the market goes up another 8 to 10% from this point on.
(Source: Bloomberg)
I want see Siegel debating John Hussman.
