Insights from Jeremy Siegel: 3 Reasons Why The Dow Will Hit 10,000 in 2009
May 18, 2009 at 09:21 AM EDT
Wall Street has been debating the huge run-up in the Dow Jones Industrial Average. Was March the beginning of a huge rally that will take the market to new highs? Have we witnessed the proverbial “dead-cat bounce?” The prognosticators have been unsure, uncertain and uncommittal about what they see coming next… So let me make it clear where I stand: We are in the beginning of a new bull market that will carry us to 10,000 on the Dow by year’s-end - and new highs within a couple of years. Yes, the recovery will be volatile. But now is the time to buy, despite the…