The emerging market turmoil that pushed U.S. stocks down last week is
unlikely to have a lasting impact, says stock market guru Jeremy Siegel,
professor of finance at the University of Pennsylvania's Wharton
School.
Emerging market stocks and currencies dropped early Monday, but the
carnage eased after Turkey's central bank announced a special interest
rate meeting for Tuesday, which lifted the lira higher.
As for U.S. stocks, Siegel says he's not a perma-bull. "There have been times I felt we were way overpriced," he told CNBC. But for now, "I still think we're slightly under fair market value." (more)
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