I don't think this guy would ever say or admit were in a bear market until the bear market is over and the next bull market is here.... he already said a rebound is on the way, so lets see this whole entire drop lasted about 5 LONG LONG days or about 32.5 hours, and the bull market as of today has lasted so far over 1500 days or or nearly 10,000 trading hours, I didn't include weekends into that break down.....I just wanted to show how drops on wall street last hours and rallies last years....
Jeremy Siegel On Stocks: This Is A Correction, Not A Bear Market
Posted By: VW StaffPosted date: August 26, 2015 05:18:56 PMIn: Videos2 Comments
Wharton finance professor Jeremy Siegel says the drop in U.S. stock markets that began last Friday is a temporary correction, largely in response to events in China and unusually large, downward revisions in U.S. corporate earnings expectations. But while the correction so far has hovered around 10%, he warns that such downward movement often generates a rebound, which is already is underway, followed by a further drop. In this Knowledge@Wharton interview, Siegel says he thinks the Dow ultimately could drop 15% from recent highs before recovering to around 19,000 by year-end. What’s happening now is a correction — not the beginning of a bear market — which would be a drop of around 20% or more, he notes.
An edited transcript follows.
http://www.valuewalk.com/2015/08/jeremy-siegel-on-stocks-this-is-a-correction-not-a-bear-market/
Jeremy Siegel On Stocks: This Is A Correction, Not A Bear Market
Posted By: VW StaffPosted date: August 26, 2015 05:18:56 PMIn: Videos2 Comments
Wharton finance professor Jeremy Siegel says the drop in U.S. stock markets that began last Friday is a temporary correction, largely in response to events in China and unusually large, downward revisions in U.S. corporate earnings expectations. But while the correction so far has hovered around 10%, he warns that such downward movement often generates a rebound, which is already is underway, followed by a further drop. In this Knowledge@Wharton interview, Siegel says he thinks the Dow ultimately could drop 15% from recent highs before recovering to around 19,000 by year-end. What’s happening now is a correction — not the beginning of a bear market — which would be a drop of around 20% or more, he notes.
An edited transcript follows.
http://www.valuewalk.com/2015/08/jeremy-siegel-on-stocks-this-is-a-correction-not-a-bear-market/