Jeremy Siegel on the Bear Market and Sky-high Oil Prices

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Jeremy Siegel on the Bear Market and Sky-high Oil Prices

The stock market’s June swoon has carried into July, with key indicators pointing to a bear market weighed down by rising oil prices, the credit crisis and more bad news from Detroit, as the Big Three auto manufacturers reported substantial losses. Meanwhile, the G-8 gathered in Japan to discuss global warming and the economy, but didn’t include the two largest emerging economies — China and India — in the talks. [email protected] spoke to Wharton finance professor Jeremy Siegel about these developments and others.