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Subject: Jeremy Siegel

Jeremy James Siegel (born November 14, 1945) is the Russell E. Palmer Professor of Finance at the Wharton School of the University of Pennsylvania in Philadelphia, Pennsylvania. Siegel comments extensively on the economy and financial markets: he appears regularly on networks such CNN, CNBC and NPR, and writes regular columns for Kiplinger’s Personal Finance and Yahoo! Finance. (Wikipedia Jan 2010)

US equity markets:

WSJ debunks “Common Stock Legend”

The common stock emperor has no clothes ..

The long-held doctrine of blindly holding ‘Stocks for the Long Run’ is now being questioned.

Jason Zweig in a Wall Street Journal opinion piece points out that the data on which the ‘Common Stock Legend’ is based turns out to be flawed.

But then, we all knew that anyway.

Baby Boomers' retirement threatened?

GAO favors overly-optimistic projections

Implanting False Hope

In a study of the effect of the retirement of Baby Boomers on the price of equities, the GAO assumed that equities will provide real returns of 7% over the next decades. This figure is often cited in Wall Street promotional literature, but has no scientific basis.

Baby Boomers whose retirement plans are predicated on a 7% return on equities may find out, too late, that they have been misled by marketing flim-flam.

Don't worry, be happy

GAO pooh-poohs a Boomer bust

The Woodstock Generation must now think of the future

In July 2006, the Government Accounting Office issued a report saying that the retirement of the Baby Boomers should not have a negative effect on stock prices.

This article reviews the GAO reasoning and concludes that the government’s ‘Don’t worry, be happy’ conclusion is not credible.

The Woodstock kids will soon have to think about assisted living costs.

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US Politics

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Stock values and cash dividends wither

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Stock Quotes

DJIA10809.85  chart -5.55%
NASDAQ2357.69  chart -6.90%
S&P 5001119.46  chart -6.66%

Ftse 1005109.28  chart -2.62%
Dax5923.27  chart -5.02%
Cac 403125.19  chart -4.68%

Nikkei 2259097.56  chart +0.00%
Hang Seng Index20490.57  chart +0.00%
Sti2884.00  chart -3.70%

Eur To Usd1.42  chartN/A
Usd To Jpy77.84  chartN/A
Gbp To Usd1.63  chartN/A

2011-08-08 16:05