Wharton finance professor Jeremy Siegel is maintaining his uber-bullish stance for 2010.
In an interview last month, he said equities could gain easily gain 10% over the year.
That is despite an inevitable rate hike, which will scare stocks down for a week or two, before investors recognize the hike as a sign that the economy is improving.
Another thing to watch for, says the professor, is a downturn on the bonds market, as risk premium dissipates and rising interest rates hurt value.
Join the conversation about this story »
See Also:
- Siegel: Unemployment Has Pretty Much Peaked
- Steve Mandel: It’s Game On In The Stock Market
- Morgan Stanley: Here’s How Rising Rates Will Dominate The Market In 2010