J. Siegel: The market is fairly valued

One of the most bullish market-minded specialist in the last years, Jeremy Siegel, has come to protect US indices in the light of their new record highs.
The stock market is very fairly valued at its current levels, said Siegel, in interview for the CNBC financial magazine.
according to the specialist, the R-E ratio of the technology sector making up the S&P 500 on the basis of this year's forecasts is still under 20. Amazon, Netflix and a few more companies are with ratios over 100.
Siegel recalls that companies like Apple are still under 20.
In 1999, the technology sector, a component of the broad index, was traded with a 90% R-E ratio, recalls the Professor of Finance at Wharton University.
Is there a danger of overheating? There is always such a danger, according to the analyst, however, the market isn't in the danger zone.
In the last six trading sessions, the Dow Jones industrial average, S&P and Nasdaq rose each day. The S&P and Nasdaq indices registered recordings at the end of last week and Dow is 32 points from a historic peak.
Overall, the dollar's depreciation is very positive for the market as well as interest rates on 10-year bonds at 2.25%. Shares are still the place where investors have to hold their money, the expert says.