not sure why it’s holding quite well compared to the market. Any...

First 30 Last

Share
Profile

Follow
prbhattarai

139 Posts.

20

12/12/22

13:05

Post #: 65276071
Share
Originally posted by oddle: ↑

FromStanley DruckenmillertoRay Dalio, there'sa growing chorus on Wall Streetthat thinks the stock market is about to embark on a "lost decade," in which returns are virtually flat, similar to the mid-2000s or the 1970s.
Their concerns are valid when you consider the multi-decade highs in inflation, elevated geopolitical tensions with Russia, andsurging volatility in global currency markets.
But Wharton professor Jeremy Siegel believes those views are unfounded, as he still expects healthy returns going forward for the stock market, according to an interview with CNBC on Friday.
"I disagree with that completely that the Dow or S&P 500 would be flat [over the next decade]," Siegel said, arguing that there is great value in current stock market prices.
"When you're talking about 16x earnings, and even if they're clipped by a recession, I think there are absolutely excellent values," Siegel said, though he admitted that in the short-term, "anything can happen... Could it go down more? Of course, in the short run. In bear markets it has gone down more."
In the short-term, investor concerns are increasingly focused on whatthe Federal Reserve does with interest ratesas they continue to aim for lower inflation. Siegel thinks the Fed would be better served by looking at current market data rather than lagging economic indicators.
"The Fed has to be forward looking. They have to look at what's going on in the market, in the housing market, in the rental market, in the commodities market," Siegel said, referencing the drop in prices in recent weeks and months.
But all of this uncertainty ultimately represents a great opportunity for long-term investors, given the value Siegel currently sees in stock prices.

Wall Street's growing chorus of a lost decade for stocks is unfounded, according to Wharton professor Jeremy Siegel.
Siegel believes the stock market could deliver annualized returns of 6% net of inflation going forward.
"If you're a long-term investor I would absolutely buy now. I think these are absolutely great long-term values," Siegel said.

Expand

not sure why it’s holding quite well compared to the market. Any news?
KGN Price at posting: $3.15 Sentiment: Hold Disclosure: Held
Upvote

0 Great analysis

Reply

There are more pages in this discussion • 12 more messages in this thread...

First 30 Last

Add KGN (ASX) to my watchlist

(20min delay)
Last $4.94		Change -0.130(2.56%)		Mkt cap ! $497.3M

Open	High	Low	Value	Volume
$5.10	$5.18	$4.90	$7.453M	1.496M

Buyers (Bids)

No.	Vol.	Price($)
2	16880	$4.94

Sellers (Offers)

Price($)	Vol.	No.
$4.97	6937	2

View Market Depth

No.	Vol.	Price($)
2	16880	4.940
1	3445	4.930
1	10000	4.920
4	4720	4.910
14	26417	4.900

Price($)	Vol.	No.
4.970	6937	2
4.980	6752	5
4.990	32	1
5.000	8387	4
5.010	6027	2

Last trade - 16.10pm 29/04/2024 (20 minute delay)


Last $4.94		Change -0.130 ( 3.59 %)
Open	High	Low	Volume
$5.14	$5.15	$4.90	153754
Last updated 15.59pm 29/04/2024 ?

KGN (ASX) Chart

not sure why it’s holding quite well compared to the market. Any...

Featured News

Carnarvon revs up for revised Dorado Development

Recharged Prospects: 'Watts' on the horizon for copper & lithium

BHP confirms £31.1B takeover bid for Anglo American

Are there gains to be made with the grocery giants?

Regal copper grades at Gascoyne play see shares jump 33% for Augustus

Buyers (Bids)

Sellers (Offers)

Featured News

not sure why it’s holding quite well compared to the market. Any...

Featured News

Top Stories

Carnarvon revs up for revised Dorado Development

Recharged Prospects: 'Watts' on the horizon for copper & lithium

BHP confirms £31.1B takeover bid for Anglo American

Are there gains to be made with the grocery giants?

Regal copper grades at Gascoyne play see shares jump 33% for Augustus

Buyers (Bids)

Sellers (Offers)

Featured News