10-year

10-Year Anniversary Promotion (20% off)

Join GuruFocus Premium Membership Now for Only $279/Year

Once a decade discount

Save up to $500 on Global Membership.

Don't Miss It !

Free 7-day Trial
All Articles and Columns »

Jeremy Siegel and Robert Shiller: Outlook for 2011

January 18, 2011
guruek

guruek

80 followers
I don’t how they maintain friendship, but they claim they do. Jeremy Siegel teaches Economics University of Penn Wharton and Robert Shiller at Yale University. The two met each other at MIT in the fall of 1967. While their friendship deepened, their views towards the economy and the stock market diverged. Dan Rottenberg had this profile of their relationship and views in 2002.

They disagreed with each other back then, and they disagree today even more. The two professors appeared in CNBC today, giving their outlook for 2011.

Siegel, a habitual bull, thinks the stocks have leg to run higher from this point on. Here are his reasons: , Interest is low, earnings forecast is decent, valuation is reasonable, Fed has QE2, and the President and Congress has just enacted a bill that provides all kinds of the tax cuts and incentives.

Shiller is more reserved. He thinks the market is full priced. The market could go up based on speculative forces. He questions the sustainability of the high profit margin of the companies.

Watch the video:


























Rating: 2.7/5 (3 votes)

Comments

Please leave your comment:


Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
Free 7-day Trial
FEEDBACK