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Post by bot on Aug 25, 2015 13:39:29 GMT -5
Siegel says Dow could still hit 19,000 despite stock rout
The Dow Jones Industrial Average will likely bounce back from its recent drubbing and could hit 19,000 by the end of the year, longtime bull Jeremy Siegel told CNBC on Monday. Siegel, a finance professor at the Wharton School, said near-term trading could be "very rough" but that once the current storm passes the fourth quarter could be "very good." Siegel was less enthusiastic about his earlier call for the Dow to hit 20,000 by year-end, but said the blue-chip index, which is down more than 8% since the end of last year, could still end 2015 with a gain and that 19,000 "is not at all impossible."
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