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Jeremy Siegel says S&P 500 to reach 1700 in next 12 months
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2013 May 7, 10:05am 1,061 views 2 comments
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theoakman
2013 May 7, 1:30pm
Jeremy Siegel never met a prediction he pretended that he never made 4 years later.
2
AD
2013 May 7, 1:50pm
AD
2013 May 7, 1:50pm
Jeremy Siegel never met a prediction he pretended that he never made 4 years later.
LOL. That is true ! I like taking it all in from Robert Shiller to the likes of Jeremy Siegel. Shiller is one of the best out there. Krugman and Siegel are on the opposite side of the spectrum.
http://www.businessweek.com/videos/2013-05-06/u-dot-s-dot-treasury-bubble-is-going-to-pop-siegel-says
See the above link. Jeremy Siegel of Univ of Penn says that the average valuation or p/e ratio is 18 in a post World War II environment, and that he considers the market overbought when the p/e ratio reaches 25, and it typically bursts when it reaches 35. He is bullish on the S&P 500 and thinks the next stop within the next 12 months is 1700 points.
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