Jeremy Siegel is now suggesting that at the end of this year the Dow Jones will be between 16,000 and 17,000.
Why in the world does one offer an opinion on such things that are completely impossible to predict? Ask Warren Buffett and the answer would be that he has no idea where the market is going in the short or medium term.
Siegel thinks that the the market is going to be driven by cash currently sitting in money market funds and bank accounts that is earning nothing moving into the stock market.
In the current world of rock-bottom interest rates Siegel thinks the stock market is still also attractively valued.
Siegel doesn't understand who is buying 10-year bonds at current rates; he thinks this is a bubble that will pop.
