Wharton professor Jeremy Siegel rejects the notion that US stocks are overvalued, saying they are in fact "underpriced". "Even if there is a mild recession, these are great long-term values," Siegel said, referring to the current levels in stocks. Wharton finance professor and markets guru Jeremy Siegel suggests just the opposite might be the case. Even if there is a mild recession, these are great long-term values. Stocks are almost to levels where earnings yields are above 6%, which equate to real returns going forward," Siegel wrote.

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Persons: Wharton, Jeremy Siegel, Jeremy Grantham, Bill Gross, Jeffrey Gundlach, Siegel, —, Wall, MacroEdge Organizations: Service, DoubleLine, JPMorgan, Equity