Insights from Jeremy Siegel: 3 Reasons Why The Dow Will Hit 10,000 in 2009

Wall Street has been debating the huge run-up in the Dow Jones Industrial Average.

Was March the beginning of a huge rally that will take the market to new highs? Have we witnessed the proverbial “dead-cat bounce?” The prognosticators have been unsure, uncertain and uncommittal about what they see coming next…

So let me make it clear where I stand: We are in the beginning of a new bull market that will carry us to 10,000 on the Dow by year’s-end – and new highs within a couple of years.

Yes, the recovery will be volatile. But now is the time to buy, despite the…

Did Wall Street’s “Secialists” Save Us from a 1,300-Point Decline on Monday?

The 777.68-point nosedive in the Dow Jones Industrial Averageon Monday was the single-biggest point drop ever, eradicating $1.2 trillion in shareholder wealth, and leaving mainstream investors feeling shell-shocked after the House of Representatives rejected a $700 billion banking bailout bill.

But here’s what most people don’t know.

The damage could’ve been much worse.

In fact, without a little-known group of traders, known as “specialists,” Monday’s wrenching drop could have extended into a 1,500-point freefall. Without these specialists, Americans could’ve easily watched as half their retirement savings was vaporized during the day’s seven-hour trading session. So, here are these market-miracle-makers. Should we be thankful…

END OF AN ERA?

There is no doubt in my mind that since the early 1970’s the global economic boom has been largely financed by an ever-expanding quantity of money and credit. Once gold was removed from the monetary system in 1971, central banks were free to create as much paper currencies as they wanted. This reckless monetary inflation and credit growth has caused the value of “money” to diminish significantly over the past three decades and created a gigantic boom in global asset prices. Each time an asset “bubble” has burst in the past 35 years, central banks have responded by reducing interest-rates,…

With the Dow in Bearish Territory, and Oil Prices in the Stratosphere, New Potential Problems Abound

With the Dow Jones Industrial Average down 20% from its October peak – placing it firmly in bear-market territory after what’s so far been its worst June since the Great Depression – neither institutional traders nor individual investors seem able to find anything positive about the economy, corporate climate or financial markets.

The subprime-mortgage mess and the ensuing credit crisis continues to exact a toll on the financial-services sector, meaning we can be certain those write-downs won’t be ending anytime soon. Oil prices can’t seem to find a ceiling as new records are again being set – regardless of whether you…

Money Morning’s Top 10 Reasons Why We May Have Hit A Bottom, But Not The Bottom

Since the start of the year, the debate over the state of the U.S. economy seems to escalate by the day. The ongoing subprime mortgage mess, the resultant credit crunch and daily stories about housing defaults, escalating oil prices and lousy corporate earnings only seem to further fuel the debate.

Of course, we all see the government reports and analyst research notes that seem to contradict one another from one day to the next – and sometimes from one hour to the next.

So here at Money Morning, we thought we’d take a bit of a different approach, and use some of…