He’s probably right - since the destruction of the dollar just about guarantees a Dow at 100,000 in the not-too-distant future.
But stocks that can and freeze food.
“When I get up in the morning, actually I check all the virus data, the trends in the virus, the trends in the developments in therapeutics, in vaccines,” Siegel said. “That to me more informs what is going to happen in the future more than getting some historical report on how tragic this virus has affected our economy.”
Absolutely spot on! That’s why all those reports asking “why is the market going up when the unemployment report was so awful” were so moronic.
I don’t know. Jeremy Siegel’s book “Stocks for the Long Run” was a huge and positive influence on my own investing after I read it when it first came out, but I wouldn’t wager my fortune on him being right in this case. I think a re-test of the March lows is very possible as it becomes clearer how much damage is being done to consumer spending (the lifeblood of the economy) by prolonged lockdowns being pushed by petty leftist dictators like Gavin Newsom.
I realize he’s forward looking but a wicked combo of record high unemployment and a wave of bankruptcies is heading our way. And hurricane season is almost upon us.
Hope I’m wrong but we may be in for a rough couple of months.
I put $10,000 into five stocks of well established companies selling for half what they were in January. Today that $10,000 is worth 13,000.
I thought he was older.
Then, I looked up Warren Buffet's age.
Buffet will be 90 in three months!
Not so fast.
The only one objective is Martin Armstrong.
He says he expects a retest, based on the computer.
I think we will know very soon.
“I think 2021 could be a boom year. With the liquidity that the Fed is adding, unprecedented.....
In other words “Don’t fight the Fed”
The latest version of the “Greenspan put” is in.
Does he have a relative named Bugsy?