Stock Market Surge

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photoA surging stock market, 8.2 percent economic growth in the third quarter, low interest rates and a robust housing market may mean the good times are back.

Or the news may be hiding problems ahead.

Tonight, On Point, bull run or bubble, the stock market's incredible climb.


Jeremy Siegel, professor of finance, University of Pennsylvania's Wharton School and author of "Stocks for the Long Run" and "Revolution on Wall Street."

Richard Sylla, professor of economics, New York University's Stern School of Business, research associate at the National Bureau of Economic Research and author of "The American Capital Market: 1846-1914" and "A History of Interest Rates."

This program aired on January 23, 2004.


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