In your interest.
Online Personal Finance Magazine
No beating about the bush.
In an interview last month, bullish Wharton professor Jeremy Siegel said that US equities could gain easily gain 10% over the year, despite an inevitable rate hike, which will scare stocks down for a week or two, before investors recognise the hike as a sign that the economy is improving. Another thing to watch for, says the professor, is a downturn on the bonds market, as risk premium dissipates and rising interest rates hurt value.
The plunge was “much more impulsive, much more powerful on the downside,” compared with dips during last year’s rally, said Christian Bendixen, director of technical research at New York-based Bay Crest. “High volume on down days and low volume on up days is a sign of distribution that we’re going to head significantly lower.”