When it comes market pundits and gurus, none could be as bullish as Jeremy Siegel.
The Wharton School finance professor has made a long career out of being a perma-bull and stock market fan. There’s plenty of research backing up his stances. Siegel’s seminal classic, Stocks for the Long Run, is full of analysis, research and reasons why stock ownership is the key to building long-term wealth.
So, when Siegel comes out as a tad bearish, investors may want to take notice.
And that’s the case right now. The “Wizard of Wharton” has been making the rounds discussing why this year might be a tough one for investors. Given the market’s recent hiccups, Siegel may be onto something. For investors, it’s just another call for caution with our portfolios.