It isn’t every day that you get your opinion validated by the likes of Jeremy Siegel, the “Wharton wizard,” market commentator and senior investment strategy advisor for Wisdomtree ETFs.
Siegel delivered a very bullish talk at Sourcemedia’s ETF 360 conference in New York. “Stocks have never been so much cheaper relative to bonds,” he said. “The ‘New Normal’ pushed by PIMCO’s Bill Gross is not new and it’s not normal.” That’s because that kind of negative view is based on Keynesian thinking, which is a poor predictor. For example, looking at the aggregated economic data failed to predict the post World War II boom.
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