Renowned "big bull" and professor of finance at Wharton School of Business Jeremy Seigel was on CNBC to discuss his outlook for stocks going forward. Jeremy is also the author of book "Stocks for the Long Run". He thinks the Dow can soar another 1,000 points from here once the U.S. elections are out of the way. He believes:
-- Election uncertainty is capping stock gains at this point.
-- There is room for stocks to soar once the uncertainty related to election is gone and there is agreement on the fiscal cliff.
-- He would like to see extension of current policies related to taxes and capital spending for six to nine months for the rally to continue.
-- Housing will be a driver of the U.S. economy in 2013.
Credit and source: www.cnbc.com, CNBC
Here is the video:
-- Election uncertainty is capping stock gains at this point.
-- There is room for stocks to soar once the uncertainty related to election is gone and there is agreement on the fiscal cliff.
-- He would like to see extension of current policies related to taxes and capital spending for six to nine months for the rally to continue.
-- Housing will be a driver of the U.S. economy in 2013.
Credit and source: www.cnbc.com, CNBC
Here is the video:
