Long-time bull, Wharton professor and author of the book "Stocks for the Long Run," Jeremy Siegel thinks there is a 75% probability that Dow will hit 15,000 by the end of 2012 and 17,000 by the end of 2013.
He says stocks are still one of the best buys around with record highs possible for the next couple of years. "They’re fairly cheap on an absolute basis. They’re extraordinarily on a relative basis, about the most relative cheapness I’ve seen stocks probably since the 1950s," he said on CNBC's Kudlow Report.
Here is the video. Jeremy speaks starting at about 3 minutes and 7 seconds into the video:
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I am an individual investor with deep interest in the field of value investing. My ideas and thinking is inspired by highly respected value investors like Ben Graham, Warren Buffett, Walter Schloss, Bill Ruane and Tweedy Browne
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