Sunday, February 12, 2012

He's Baack......

Jeremy Siegel, author of  Stocks For the Long Run, is back.  Siegel was closely associated with the 1990's mania in the stock market at the time when an even more bullish book, Dow:  36,000, in hindsight rang the bell for the peak of the 18-year bull market.

Siegel is featured in this week's Barron's touting stocks again after the doubling of the S & P 500 over the last three years and a 20% gain over the past three months.  

Barron's should know better.

How short people's memories are!  This anecdotal evidence is in addition to high bullish readings on sentiment surveys such as the American Association of Individual Investors, Market Vane, and Consensus Inc.

Investors should raise some cash here.

Steve Lehman

S & P 500:  1343

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