It looks like interest rates are going to remain low regardless of what the Federal Reserve does, and that's why Wharton School Professor of Finance Jeremy Siegel said he's sticking to his forecast of Dow 18,000.
"Everyone expected the 10-year [Treasury yield] to be 3.5 percent by now on its way to 4 percent. It's closer to 2.5 percent," Siegel said on CNBC's "Squawk Box" Wednesday. He admitted he was one of those calling for higher rates in the bond market.
"Now I think we're going to have low interest rates on that long-term [bond] for quite a while now no matter what [Fed Chair] Janet Yellen says," Siegel said—predicting that there's "still upside" in the stock market under this scenario
