Knowledge at Wharton Jeremy Siegel: Sit Tight During the Sell-Off
Jul 25, 2007
23:20
U.S. stock markets are in a tizzy. The Dow Jones Industrial Average plunged 311 points on July 26 and most media companies interpreted this to mean the end of the buyout boom. Buyout firms such as the Fortress Investment Group and the Blackstone Group were hit especially hard. How long will the turmoil continue? Could the trouble spread overseas to international markets? What is the right strategy for investors in these times? In an update to the podcast that Knowledge at Wharton published on July 25 Wharton finance professor Jeremy Siegel offers his insights on these questions. In the earlier podcast he discussed the continuing crisis involving sub-prime housing loans and other issues -- including economic growth in China and the impact of the strong Indian rupee -- with Knowledge at Wharton.
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