Is the Market Oversold?

Both, Rob Morgan and Prof. Siegel are bullish on the stock market. According to Siegel, the long-term future of equity returns looks relatively bright. Due to low interest rates and strong earnings, he believes this is the perfect climate to invest. Rob Morgan likes cyclical investing, securities that are subject to regular or irregular up and down movements.

As Professor Siegel has alluded in many interviews, faster economic growth does not always mean higher returns. He has even provided data in the past showing a correlation between slow growth and more reasonable valuations which eventually lead to higher returns. Given current economic conditions and if you are sold on Prof. Siegel's argument, the this is definitely a very favorable economy to make the jump into the stock market, if have not already!

Below is the interview on CNBC:

 


Bill Griffeth interviews Rob Morgan (Fulcrum Securities Chief Investment Strategist) and Jeremy Siegel (Professor, Author -- University of Pennsylvania's Wharton School of Finance) on CNBC's "Closing Bell" 9 June 2011