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Jeremy Siegel on the Market: Rough Going for Now, but Stocks Still a Good Bet
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Jeremy Siegel on the Market: Rough Going for Now, but Stocks Still a Good Bet

Knowledge at Wharton·@HashtagPLUS·about 1 month ago
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The government’s rescue of Fannie Mae, Freddie Mac and AIG demonstrated clearly that the financial turmoil continues on Wall Street. In an interview with Knowledge at Wharton, Wharton finance professor Jeremy Siegel says there are some positive signals in stocks and corporate earnings, but it’s too soon to say the market has hit bottom. Siegel also talked about inflation and commodities. An edited transcript of the conversation follows. Knowledge at Wharton: The financial crisis continues on Wall Street and stocks are in turmoil. We asked Wharton finance professor Jeremy Siegel about the key factors driving today’s market and what’s ahead. Welcome, Professor Siegel. Siegel:  I’m happy to be here. Knowledge at Wharton: Well, the markets are just crazy. A few days ago, they were down 500 points, the biggest drop since 2001. And, yesterday, they were up 140 points; though the Fed decided not to cut interest rates. Why is it that the Stock Market can’t decide which way to go?…

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