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'There's more room to fall' in this market, Wharton's Jeremy Siegel warns

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'I would love this to be clarified. We come to a deal on trade, boy, this market is up 10 to 15%, but without it's going to be worrisome,' Jeremy Siegel says.

dropped 3%. The major averages all turned in their first 4-week losing streak since May.

Siegel, a finance professor at the University of Pennsylvania's business school, noted that the VIX sprang nearly 20% to about 20 points during the trading day. The VIX, or, is a gauge that measures market risk based on investor sentiment of the S&P 500. "We've seen it at 30 and 35 under uncertain conditions," he said. That means "there is some hedging going on, but really not as much as there could be given uncertainty."

Hedging is a move investors make in an attempt to offset the downward risk in one equity by investing in another. The move can reduce risk but at a cost to potential gains. The Dow, after putting together a two-day winning streak, deflated in response to President Donald Trump's

 

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I dont think you need a degree from Wharton to say that there are numbers in between 0 and 25,000.

Trump sealed his fate today. Business owners and CEO’s are tired of his Tariffs and Revenue destroying BS! Donnie is a 1 Term POTUS.

Did he say this before the market tanked or after? Let me guess...

Thank you realDonaldTrump if it wasn't for YOU this wouldn't have happened!!

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