I don't think this guy would ever say or admit were in a bear market until the bear market is over and the next bull market is here.... he already said a rebound is on the way, so lets see this whole entire drop lasted about 5 LONG LONG days or about 32.5 hours, and the bull market as of today has lasted so far over 1500 days or or nearly 10,000 trading hours, I didn't include weekends into that break down.....I just wanted to show how drops on wall street last hours and rallies last years.... Jeremy Siegel On Stocks: This Is A Correction, Not A Bear Market Posted By: VW StaffPosted date: August 26, 2015 05:18:56 PMIn: Videos2 Comments Wharton finance professor Jeremy Siegel says the drop in U.S. stock markets that began last Friday is a temporary correction, largely in response to events in China and unusually large, downward revisions in U.S. corporate earnings expectations. But while the correction so far has hovered around 10%, he warns that such downward movement often generates a rebound, which is already is underway, followed by a further drop. In this Knowledge@Wharton interview, Siegel says he thinks the Dow ultimately could drop 15% from recent highs before recovering to around 19,000 by year-end. What’s happening now is a correction — not the beginning of a bear market — which would be a drop of around 20% or more, he notes. An edited transcript follows. http://www.valuewalk.com/2015/08/jeremy-siegel-on-stocks-this-is-a-correction-not-a-bear-market/
we like these corections, it shakes out those who were creating resistance at the top and opens up new uncharted territory
I guess you can say that because the last 6 years have been the same thing, but as I said there is total lack of leadership in this market.....I don't think this correction will bring about new leadership, you need a new economy with real true organic growth to bring in new leadership in this market, this market is tired, 6 year old bull market, one of the longest ever on record, I think its okay now to put the rally caps down and wait patiently for the next bear market to arrive...
Well I tend to agree with him on this correction. Whole thing seems designed to screw the small guys with highly leveraged accounts, wipe them out and then bounce back. IMHO Shanghai crash is just happening at the same time and nothing to do with the real China economy. Expect more gains in Europe than US over next few years. Still cheap stocks paying 5% dividend, Italy and Spain now recovering well and markets still not passed 2007 highs
I was long on 8/1 and I'm long on 8/27. Other than the price, what is it that has changed so much since then?
Volatility is good for people who think they can gain an edge by timing the market. I for one hope we see more frequent corrections, and more severe. Great time to shift money from cash/bonds into stocks for the long run.
isn't that the deal? Stocks go high and many who were patiently waiting are now finally even and they sell. After a month or two, they look around and realize rates will probably some day go up and they will lose money on bonds, and cash isn't even keeping up with inflation, so they go back into stocks. But now they are no longer just trying to get back even, and they will probably hold until they die.
Siegel is the biggest idiot in the game but he might be "right" on this one -- like any other broken clock.
Unlike the doom porners, bulls are right a lot more frequently than a broken clock. Historically bulls are far more right than wrong.