Wharton Prof Predicts Dow 30K Within 2 Weeks

The Dow’s journey from 20,000 to 30,000 is a result of multiple expansion that is “perfectly understandable,” especially in a low interest rate environment, the famed professor said. Momentum investors who are merely following the strong trend higher and overlooking valuations have reason to be worried, Siegel said. Near-term investors looking to cash in on some profits may want to consider doing so and should “watch this market closely,” as a 10% correction is becoming more likely, Siegel said.