Nobel Prize-winning economist Robert Shiller — who called both the technology bubble and the housing bubble — says the bond market is not currently fitting the traditional definition of a bubble. But he says that long-term bonds are a risky choice right now.
Nobel Prize-winning economist Robert Shiller says that, while US equities look to be on the pricier side, stocks in other parts of the world are dirt-cheap.
Nobel Prize-winning economist Robert Shiller says that, while valuations are quite high, he isn’t ditching stocks.
Yale Economist Robert Shiller says that some tech stocks look and feel like they are in a bubble right now, but that it doesn’t seem as bad as the late 90s tech stock bubble. Shiller tells Bloomberg that the market overall is “on the high side and it’s being driven by technology recently, but it’s not like it was [in the late 90s].” He notes that his 10 year cyclically adjusted price/earnings ratio was nearly twice as high back then as it is now for the broader market. Shiller also talks about his belief that long-term value investing is the best approach to beating the market. And he talks about how using such an approach means you shouldn’t be impacted too much by high-frequency trading issues.
Nobel Prize-winning Yale Economist Robert Shiller recently appeared on WealthTrack and offered some of his thoughts on where he’s been finding value in the stock market.