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Dow can hit 30,000 on Republican-held Senate, Jeremy Siegel says - Business Insider

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The Dow can hit 30,000 by 2021 if Republicans keep the Senate and the coronavirus is contained, Wharton professor Jeremy Siegel says

The stock market's rally from March lows has slowed as investors weigh reopening optimism with fears of a second wave of coronavirus cases. The latest spike in infections and election outcomes represent the "great uncertainties" plaguing valuations, Siegel said.

"That uncertainty is a big one, because the corporate tax cuts are a major reason for a lot of the bull market since Trump was elected. If they're going to be reversed, that's a strong headwind," he said.

 

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Yes, sure. How many people need to die, go hungry or lose their homes to make that happen? Let's talk about THAT

Lol

130K dead and 40 million unemployed and this jackass is talking about stock market in 2021.

lololol

We are not going to contain pandemics until we address how we produce/process/consume meat. Scientists agree that 75% of human infectious disease stems from this. Also it's 100 degrees in Siberia, but do go on about business as usual...Wharton

If coronavirus is contained, yes. Has nothing to do with the senate.

And if pigs can fly.

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