Jeremy Siegel, an investor and a professor at Wharton University, expressed the view that the bearish mood of the players -. A blessing for the marketThey will serve as a driver, which will allow Dow to grow to 20,000 by year's end - on AMarkets materials.
Segal clarifies - at the moment the camp market pessimists joined both physical and institutional players - and that's good. In 1999-2000. all were extremely bullish set - otherwise you will not say - so says the expert. At the height of optimism multiplier revenue reached 30. This is + 50% to the current values. But this time the market is, of course, does not fly so high. As the memory of the 2000s, are still too fresh. Segal believes that the relatively reasonable quotes and zero interest rates - an environment that will allow the stock index rise. This rally is likely to happen towards the end of the year. 19000-20000 levels are achievable. If the Fed will intervene in the market with another softening, the rally simply guaranteed. The labor market is weak, there is no inflation, weak GDP - QE4 very likely.