There are those that predict a sell off and those that predict a run up. So what’s new? Some of the factors, according to Jeremy Siegel, are low inflation, low oil prices, and an arguably better job market.
Jeremy believes the Dow could see 20,000 by the end of 2015, assuming things such as the U.S. overall GDP is up. Of course there are others that think differently. As of the writing of this, the DJIA is just over 17,600. He also said a year end for 2014 would be around 18,000, so far so good.
Carl Icahn believes there could be another correction. Of course what is most interesting about his prediction is the fact that it is a 3 to 5 year prediction. That is like me saying I think the market will go up within the next 10 years. Chances are I will be right. Then again I also believe it will go down during the next 10 years, again – right.
Either way, these are guys who are very successful and therefore it makes sense to keep up with their predictions.