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.
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https://www.ccn.com/stock-market-will-have-good-year-in-2019-wharton-finance-prof/Whatever, Im not interested in that. I invest in cryptocurrency and not stock market, so I will only be interested in it if Im investing in stocks. I also know that a lot of people dont even buy stocks. I would prefer to know whats set out to be the future of cryptocurrency market and not stock markets.
I hope 2019 is a good year for crypto as a lot of experts had said. If its going to be a good one for stocks, it should as well be a good one for crypto.