CNBC Writes: Dow could rise 10 percent or more in 2014: Siegel
Wharton School professor Jeremy Siegel told CNBC on Monday that the Dow Jones Industrial Average (Dow Jones Global Indexes: .DJI) could rise 10 percent or more in 2014.
That may not be on par with this year’s roaring return but is still historically robust, he said, considering that 2013 has been an “extraordinary year” for stock gains.
“I think they are going to kick the [budget] can down the road a whole year,” Siegel said. “So that’ll be off our plate and that will be a very, very positive factor [for] first-quarter 2014.”
This post is to quickly remind you of two very important facts.
1. Most financial media is worthless. Half the time they don’t even know what they are talking about. They continuously recycle worthless stories that have no impact on financial markets or individual stocks. As I have said many times before, news do not drive stock prices. I want you to be aware of that.
2. Never listen to teachers when it comes to real world applications. Most of them have the theory down, but that’s it. They do not have what it takes to be on Wall Street. If Mr. Siegel knew anything about the markets he would be managing money and making millions of dollars each year. Instead he teaches. Those who can…do and those who can’t….teach.
Anyway, what kind of garbage is this…..only 10%? Why not 50% or 100%. Might as well just say that. As a matter of fact, any number will do. The point I am trying to make and the secret I am sharing is this…..
If you listen financial media and/or take advice from those who do not directly participate in the financial markets, your money and you shall soon be separated.
Okay, I am done bitching for today.
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Warning: If You Listen To Financial Media…You Will Lose Money