This may come as a surprise to no one, but Siegel is optimistic about the long-term future for investors...
I consider that a maximum 10% downside risk. If we should have that, I think that it could be the buying opportunity of the decade for investors -- because long term, I'm bullish, and long term, I think that valuations still are very attractive.
Short term, still, it's going to be a little bit rocky until the inflation situation gets clarified; but long term, I think that it's very, very strong. So, anyone that has their stock position long term, they're going to be fine. If you have a little cash, you might decide to put some of that to work in the next couple of weeks. As stock prices decline, you might be getting some very good bargains.
Co-author (with my daughter) of “Raising Your Money-Savvy Family For Next Generation Financial Independence.”
Author of the book written on E-R.org: "The Military Guide to Financial Independence and Retirement."
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It's interesting that Siegel thinks that if stocks decline another 5-10% that it would be, "the buying opportunity of the decade for investors...with a maximum 10% downside risk." Perhaps it's worth considering.
He made an interesting point about the effect of the US slowdown on China. As the consumer here tightens spending, the demand for Chinese made, inexpensive products, will rise, so a consumer spending slowdown here may not translate linearly to a reduction in imports from China.
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