Despite last week's rout and the possibility of the Federal Reserve raising interest rates, uber-bull Jeremy Siegel on Monday was, well, bullish on the stock market.



Siegel, a professor of finance at the University of Pennsylvania's Wharton School, told CNBC that a Fed rate hike won't really impact the market's momentum in the near term.

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"If you look at history, the bull markets do not end when the Fed starts raising interest rates. Bull markets could go on for another nine months to two years," Siegel said on "Squawk Box." "Maybe it will be March or April instead of June or July. That should not matter at all, in terms of the big picture."