Dow ‘Could Go To’ 20,000 by Year End: Jeremy Siegel
‘I think the big difference between what I see now and what I saw last year is the interest-rate situation’
Dow 'Could Go To' 20,000 by Year End: Jeremy Siegel (CNBC)
Uber bull Jeremy Siegel said Wednesday that he expected the market's stampede to continue, easily pushing the Dow Jones Industrial Averagetopping 18,000 by year end.
"I would not be surprised to see it over 18,000," he said. "I think the big difference between what I see now and what I saw last year is the interest-rate situation."
On CNBC's "Halftime Report," the renowned Wharton School professor of finance said low interest rates would send stocks soaring.
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