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:
Dheeraj GroverI 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