Jeremy Siegel is at it again. The Dow squeezed the juice out of most of the bears in a massive 3 day rally and the Dow 20,000 seems like a good idea once again. Dow 20,000 still ‘very, very possible’: Siegel Lower oil, stronger dollar, low interest rates, etc…….everything is about as good as it gets. That is to say, it’s time to pawn your left kidney and load up on some out of money call options.
On the flip side, Stocks will be ‘ripped to smithereens’: SocGen bear WAIT…WHAT???….take it easy there. According Societe Generale’s notoriously bearish strategist, Albert Edwards, we are in a massive deflation and stocks are about to get decimated.
So, who do you believe?
I can’t say for sure, but I would imagine that Mr. Edwards has a much better understanding of where we are headed. I agree. We are in a massive deflation and the stock market is spectacularly overvalued. That can only lead to one outcome. And as far as Mr. Siegel’s prediction goes, I don’t see it. On the contrary, my mathematical and timing work shows that we will only see 20,000 print in the year 2019. That’s quite a long time to wait.
Who Do You Believe: Dow 20,000 Or Ripped To Smithereens Google