While the US stock market continues to struggle as a result of various institutional and political forces, Jeremy Siegel, professor of Finance at the University of Pennsylvanias Wharton School of Business, remains optimistic about the state of the market in 2019.
Speaking in an interview on CNBCs Squawk on the Street, Siegel predicted that equity markets in the United States would have a good year, rising in the range of 5 to 15 percent.
We went from a rosy view to now, Oh my God, theres going to be a recession. The truth will be somewhere in between, and that leaves the stock market very attractive now.
Using the current valuations levels, he said that even if there is no growth in earnings this year, the current realities make it a cheap market. He acknowledged that a recession could drag the already-battered markets a bit, but he maintained that this wasnt going to happen.
CCN |
https://www.ccn.com/stock-market-will-have-good-year-in-2019-wharton-finance-prof/In my opinion, these are still just predictions, but I would like to look at the brighter side, that both stock market and cryptomarket will be good this year, 2018 is a year when most of the investors in the cryptoworld got shattered especially the new ones, but today is a new year and who knows what might just happen.