Salient to Investors:
- Robert Shiller at Yale said stocks and bonds are highly priced and may be joined by real estate.
- Jeremy Siegel at Wharton expects the bull market to continue, possibly reaching Dow 18,000 or higher by the end of 2014. Siegel said bull markets climb the wall of worry in a world of uncertainty, and sells when there is no uncertainty.
- Mitch Tuchman at Rebalance IRA said long-term investors are served by declining markets because steady buying during down cycles is a great way to build wealth over decades – a balanced, low-cost portfolio does not require you to guess correctly the direction of any investment.
Read the full article at http://www.marketwatch.com/story/yale-vs-penn-where-are-stocks-headed-2014-08-22
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