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Jeremy Siegel: 'The Market Will Stage Another Recovery'
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Jeremy Siegel: 'The Market Will Stage Another Recovery'

Knowledge at Wharton·@HashtagPLUS·about 1 month ago
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Now that it’s clear the recession will not turn into a depression, stocks are poised for a recovery, says Wharton finance professor Jeremy J. Siegel . In an interview with Knowledge at Wharton, he said last week’s market decline in response to rising commodity prices — especially for energy — and fear of the ever-growing federal deficit was no more than a short-term setback.  An edited transcript follows: Knowledge at Wharton: Thanks for joining us today, Professor Siegel. Jeremy Siegel: Thank you. Knowledge at Wharton: The market just had its first weekly [decline] in a number of weeks. What was driving that? Siegel: I think there are two principal concerns in the market. One is the rising commodity prices — particularly energy prices and oil. And the other is the rising interest rates, which are in turn caused by fears of huge deficits, as well as rising commodity prices. My feeling is, the market would have been up last week, too, if it didn’t have to contend with those.…

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