BULL VERSUS BEAR: IS THE RECESSION OVER?
Jeremy Siegel, Wharton School of Business professor says there is “no chance” of a double dip. On the bearish side Robert Shiller of Yale argues that a double dip isn’t entirely off the table:
Cullen Roche
Mr. Roche is the Founder of Orcam Financial Group, LLC. Orcam is a financial services firm offering research, private advisory, institutional consulting and educational services.
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In May 2001 I saw a live debated between Jeremy Siegal debate Jeremy Grantham as to whether we were in a bull or bear market. Siegel took the bullish case. (Grantham was bearish.) The S&P 500 was at 1250. In nine years the market is unchanged. Siegel is vastly overrated as a market seer. I don’t understand why he gets so much attention. I think Siegel shows that just because someone works at an Ivy League school does not make him smart. Siegel meets the old cliche that says, “Those who can do, teach.”
Hats off to Shiller. Some may call him a ‘permabear’, but he has been right on with the stock market bubble in 2000 and the housing bubble in the mid 2000s.