Author and Wharton Professor Jeremy Siegel says it is still a “very favorable climate” for equities. Siegel tells CNBC that a lack of major economic uncertainties should continue to push the market higher through the end of the year. He sees the Dow Jones Industrial Average ending 2013 between 16,000 and 17,000. He also sees GDP growth accelerating next year to 3 to 3.5%. Siegel does say he thinks people may be overly bullish on Europe’s recovery, but doesn’t think Europe will hamper the U.S. economy.