Renowned stock expert Jeremy Siegel says the market’s 70 percent rally during the past year has a lot further to go.
"This is an extremely cheap market," he says.
Others claim that price-earnings (PE) ratios using 10 years of earnings data show the market is overvalued.
But Siegel says that argument is bunk thanks to the huge losses suffered by banks and other financial companies in 2008-09. Those losses are highly unlikely to be repeated, he points out. (more)
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