"I may be the lone optimist in this market," said Prof. Jeremy Siegel in a Q&A published in Advisor Perspectives.
He was responding to a question about his Oct. 31 Yahoo finance column, in which he said, "I would be very surprised that if an investor who bought a diversified portfolio today did not make at least 20% or more on his investment in the next twelve months."
Are there any other optimists out there?
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Susan B. Weiner, CFA
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Copyright 2008 by Susan B. Weiner All rights reserved
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I'm ever the optimist, and while Mr. Siegel's predictions make for great copy, they're still just that -- predictions.
ReplyDeleteNo one knows what will happen tomorrow, next week or 12 months from now. I'd like to think at this point there's a lot more future upside than downside, but I think it best to accept and appreciate the inherent risk and uncertainty in the markets and take things one day at a time.
Bottom line: I don't know what's going to happen, nor does Siegel or anyone else. Yet it continues to amaze me how much attention these "calls" get in the media and trade press.
Russ,
ReplyDeleteThanks for your comment.
I think these calls get a lot of attention because people crave certainty about the future. But, as you say, we don't know what will happen.