Re: Stock Market Will Have ‘Good Year’ in 2019: Wharton Finance Prof.
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/
Hopefully, our local stock market is part of this growth this year, so I can get back my loss now. 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/
Well, so many good prediction in both market (stocks and crypto), I just hope for that one to happen. In cryptomarket, many speculation but still its not guaranteed but it doesn't mean also that there is no chance to achieve that level. Its good to see a more positive prediction like this, maybe its about time to increase my holdings.