Can you afford to Retire?: Dow May Hit 17,000 Next Year if Cliff
Renowned stock market guru Jeremy Siegel sees a 50 percent chance that the Dow Jones Industrial Average will reach 17,000 next year. A solution to the fiscal cliff before Jan. 1 will put the upward move in motion, he tells CNBC.
An ascent to 17,000 would represent a 35 percent surge from Friday’s finish of 12,588. Siegel, a finance professor at University of Pennsylvania’s Wharton School, predicts that the Dow will definitely end 2013 above 15,000.