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Jeremy Siegel says S&P 500 to reach 1700 in next 12 months

By AD follow AD   2013 May 7, 10:05am 840 views   2 comments   watch   nsfw   quote   share    


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.

#environment

1   theoakman   ignore (0)   2013 May 7, 1:30pm     ↓ dislike (0)   quote   flag        

Jeremy Siegel never met a prediction he pretended that he never made 4 years later.

2   AD   ignore (0)   2013 May 7, 1:50pm     ↓ dislike (0)   quote   flag        

theoakman says

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.


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