Jan 29, 2014

Jeremy Siegel: "There is no bubble here" (2014)

Are we getting too pricey?

(He shows a chart showing the S&P 500”s median PE (for 1954 to 2014) is 16.5.  The latest PE is 17.2.)

There is no bubble here.  All these people that talk about bubbles believe an asset class is in a bubble, if the price is going up and they don’t own it.
(That gets a laugh from the crowd.)

~ Jeremy Siegel, dubbed the “Wizard of Wharton,” delivered a keynote speech at ETF.com’s Inside ETFs conference in Hollywood, Fla., at about 5 p.m. Eastern on January 28, 2014

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