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
READ MORE... →Salient to Investors: Jeremy Siegel at Wharton said: No bull market rises in a straight line so this is a correction only and typical of a market climbing a wall of worry. Dow headed to 18000 by year-end. Fair market value is $18000 as the S&P 500 has sold for an
READ MORE... →Salient to Investors: Jeremy Siegel at Wharton said: The start of tapering in September is already baked into bond and stocks prices and won’t stop stocks rising to between Dow 16,000 and 17,000 by year-end and 17,000 or more in 2014 as long as earnings continue to beat expectations at
READ MORE... →Salient to Investors: The cyclically adjusted price-to-earnings ratio – CAPE – correctly signaled frothy markets in 1929, 1999 and 2008. CAPE looks at 10 years of averaged profits so is considered a more conservative gauge. S&P 500 has a trailing P/E of around 15, which makes the market attractive based on historical levels, and
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