Sumary of The stock market is in the ‘8th inning’ before it runs into a correction, says Wharton professor Jeremy Siegel:
- Stocks are in the “eighth inning before a correction,” Wharton professor Jeremy Siegel told CNBC on Tuesday.
- Siegel foresees tech stocks declining in response to the Fed’s likely tapering of asset purchases.
- The US stock market that’s sitting at record highs is moving closer to entering a correction period, but the downshift is necessary for the market to reach the next stage of the bull run, Wharton professor Jeremy Siegel said Tuesday on CNBC.
- “I think we’re in the eighth inning before a correction,” Siegel said.
- “We’re getting close to where we’re going to have to get some of the slop out and reset and look forward,” said the renowned author of the investment book, “Stocks for the Long Run”.