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Monday, July 09, 2012

Jeremy Siegel Predicts DOW 15,000

Despite Europe's financial crisis, the looming fiscal cliff; and political uncertainty in the U.S. Bob Brinker and Jeremy Siegel are bullish for stocks. 

Jeremy Siegel is author of one of the books on Brinker's reading list "Stocks for the Long Run: The Definitive Guide to Financial Market Returns & Long Term Investment Strategies, 4th Edition." 

 Jeremy Siegel's market outlook for the second half of this year and 2013.
Video Excerpts:
  • DOW 15,000 by end of next year  
  • DOW 17,000 has a 50:50 chance if things go right 
 Two major factors depressing market 1,000 to 2,000 points:
  1. Europe
  2. Fiscal Cliff
Siegel thinks the Fed should cut interest on reserves to zero so banks are encouraged to lend money. 

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