Siegel on Obama Proposals, Oil, and the Dollar

Wharton Professor and author Jeremy Siegel says the financial sector restrictions being proposed by President Obama aren’t addressing the problems that caused the financial crisis and market meltdown of 2008. In an interview with Bloomberg, Siegel also says that part of the weakness in the market recently is related to the strengthening dollar, and he says that declines in oil prices to sub-$70 levels could provide the basis for another leg upward in the rally. While there may be a brief pullback here, he still expects stocks will hit new highs in the spring.


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