Jeremy Siegel

The S&P 500 made its bear-market low in July 2002 and will not fall below it afterward.

“But it’s my belief that the S&P has probably hit a low.”

Said on

31 July 2002 · Interview with Knowledge at Wharton, late July 2002 (published July 31, 2002)

Source

Jeremy Siegel on Stocks: The Worst Is Over · Knowledge at Wharton

Should come true

by 2003

How sure they sounded

it's my belief; probably

Categories

Markets

Importance

2 of 5 · Call on the bottom of the 2000-2002 bear market; matters to investors and the financial field.

Outcome

Inaccurate

The S&P 500 closed at 797.70 on July 23, 2002, but fell further to a closing low of 776.76 on October 9, 2002, the actual bear-market bottom. The July low was not the low.

Evidence:

• https://en.wikipedia.org/wiki/Stock_market_downturn_of_2002
• https://www.macrotrends.net/2324/sp-500-historical-chart-data