Well, no one ever accused Jeremy Siegel of being bearish, but now he is at least less bullish after witnessing one of the worst Januarys for stocks in history.
“I was far too bullish last December,” Siegel told CNBC on Monday, on the way to asking if central banks had the firepower to “counteract all of the deflationary forces.”
“That’s clearly spooking the markets right now,” the vaunted Wharton school professor said of the deflationary boogeyman the world just can’t seem to shake despite trillions in global QE.