U.S. stocks may rally as much as 15 percent this year if economic growth accelerates past 3 percent, according to Jeremy Siegel, a professor of finance at the University of Pennsylvania’s Wharton School of Business.
Stocks in the developed world and emerging markets may rally in coming years as they trade below historical valuations, said Jeremy Siegel , a professor of finance at the University of Pennsylvania’s Wharton School.
James Burton didn’t have a penny invested in gold of the $142.8 billion he managed as chief executive officer of the California Public Employees’ Retirement System in 2002. Why would he? The metal had been in a bear market for two decades.
Jeremy Siegel, author of “Stocks for the Long Run,” said Bill Gross, who runs the world’s biggest bond fund at Pacific Investment Management Co., is wrong when he compares long-term returns from equities investing to a “Ponzi scheme.”
The University of Pennsylvania’s Wharton School, the world’s oldest collegiate business school, will be featured on a new Sirius XM Radio Inc. channel, letting listeners get business lessons directly from professors.
U.S. stocks fell, sending the Standard & Poor’s 500 Index down for a fourth straight day, after European Central Bank President Mario Draghi failed to reassure investors on immediate efforts to bolster the economy.