All stock indexes are at historic highs. We have seen this movie before; remember 1987, 1999 and 2007? A sharp drop has to be around the corner, right?
Not so fast, say some financial experts at leading business schools quoted in a recent NYT story. NYU Stern's Richard Sylla (formerly a colleague here at NC State) has shown that buying at market highs sometimes ends up being a wise strategy. Wharton's Jeremy Siegel says potential buyers need to look carefully at market fundamentals, which he thinks support further increases in stock prices.
Dow hits 20,000
3 months ago