Knowledge@wharton

The Dow has closed above 11 000 the European Union is bailing out Greece and the U.S. economy seems to be perking up. Is the future as bright as it looks? In fact it looks pretty good says Wharton finance professor Jeremy Siegel. While the Dow’s 11 000 close doesn’t mean much to professional market watchers it can give ordinary investors a psychological boost. According to Siegel the U.S. economy is in a self-sustaining recovery no longer dependent on government stimulus. And while the housing market could take years to make up recent losses the economy -- and stocks -- should do well he said in an interview with Knowledge at Wharton. See acast.com/privacy for privacy and opt-out information.