Jeremy Siegel, professor of finance at the University of Pennsylvania’s Wharton School, explains why the market could go higher next year, he thinks that it could hit 17,000. I like Siegel’s book and highly recommend it (Stocks for the Long Run), but this guy just spews out random crazy numbers, which are always bullish. Below he says in another video that the Dow will rise 1,000 points if the Fiscal cliff is resolved, I do not know where he comes up with these numbers.
Videos are embedded below:
Siegel: Dow Could Jump 1,000 Points on ‘Fiscal Cliff’ Deal