Jeremy Siegel says he's 'shocked' at what the Fed's overlooked and sees stocks struggling over the next 6 months
Wharton professor Jeremy Siegel says he's amazed the Federal Reserve has overlooked tighter lending standards, while warning US stocks could struggle over the next six months.
Some think it could also spell tough times for the economy, given the higher cost of borrowing, the lower access to credit and the chances of a bump in unemployment. "Even though it might be rough over the next three to six months, unless you're very tactical and very short-term, I'm not a seller," he said, adding that he's still a"very bullish" long-term investor.
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