May 20, 2017

Jeremy Siegel: the Dow would rally 1,000 points if Trump resigned

If Donald Trump resigned tomorrow, I think the Dow would go up 1,000 points.

One has to remember that the rally since Trump’s election has been based not on Trump’s agenda [but] on the Republican agenda. I would say that 90% of the people, investors on Wall Street, and most of the CEOs, would prefer a President Michael Pence, rather than Donald Trump. So, in a way you know what kind a trouble he’d be, might he have to resign, might he be impeached... all that does not derail the Republican agenda, upon which this rally was based.

~ Jeremy Siegel, CNBC interview, May 17, 2017

(See "Man who called Dow 20,000 says stock market could see 1,000-point surge if Trump resigns,", May 18, 2017.)

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