Siegel: Stocks Are “Dirt Cheap” Right Now

In an interview with Advisor Perspectives, Siegel says he “may be the lone optimist in this market.” The noted investment author and commentator argues that the current market P/E is a mere 10.7 and that investors could see stocks return 20% over the next 12 months, although he sees a very difficult fourth quarter and a tough first quarter for the overall economy. Siegel’s putting his money where his mouth is though, and has his long-term money invested in international dividend-paying stocks, which he thinks will outperform in the long term.