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Big Bull Jeremy Seigel: Dow 17000 Very Likely

September 17, 2012 | About: SPY +0% DJI +0% QQQ +0%
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Dheeraj Grover

Dheeraj Grover

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Well-know big bull and professor at Wharton School of Business Jeremy Seigel was on CNBC to discuss his outlook for the U.S. stock market and predicts that Dow reaching 17,000 is highly attainable.

-- He thinks based on past historical performance of Dow and valuations, there is a 50/50 chance that the Dow may head to 17000.
-- Lot of big money managers still sitting with piles of cash and entering the market will also be a factor in Dow achieving 17000 levels.
-- He has been predicting 15000 for some time now.

Credit and Source : CNBC, www.CNBC.com

Here is the video:

About the author:

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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Comments

Cogitator99
Cogitator99 - 9 months ago
Has anyone bothered to look at Siegel's predictions lately and how they've done? Honestly, it just doesn't seem to me like his arguments are great recently.
noblepaladin
Noblepaladin - 9 months ago

@Cogitator99 he's been saying up up up for a while now, just look at a chart of the DOW or SP500, it's been up. I am not very convinced by his arguments (I think it's much easier to predict individual stocks than the broad market), but nobody can say he is wrong when the market is going up the last 2-3 years.

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