'One of the buying opportunities of a lifetime': Here's why Wharton professor Jeremy Siegel thinks the coronavirus-driven stock rout is laying the foundation for a massive bounce back
, professor of finance at the Wharton School of the University of Pennsylvania, sees the investment glass as half-full. But he thinks it's going to take time to materialize. " podcast. "We may not have seen the lows on stock prices."
"One very interesting fact — which even surprised me — China is getting its epidemic well under control," he said. "The Shanghai Composite, which is the most popular Chinese stock index, is now higher than it was last November before they ever even recorded their first virus case." Siegel says the actions that the Chinese have taken to suppress the virus' spread — quarantines, social distancing measures, and canceled sporting events, to name a few — are showing signs of success. As the US prepares to follow suit, he wouldn't be surprised to see our markets follow a similar trajectory.
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