Robert Shiller On U.S. Stocks: ‘It Looks To Me A Bit Like A Bubble Again’

Robert Shiller, the Yale professor credited with correctly-calling the “dot-com” and housing busts last decade, has been voicing his concerns about U.S. stock prices for some time now. And Sunday, John Authers reported the following over on the Financial Times (UK) website:

A growing number of investors believe that US stocks are overvalued, creating the risk of a significant bear market, according to research by Yale University market scholar Robert Shiller.

The Nobel economics laureate told the Financial Times that his valuation confidence indices, based on investor surveys, showed greater fear that the market was overvalued than at any time since the peak of the dotcom bubble in 2000.

“It looks to me a bit like a bubble again with essentially a tripling of stock prices since 2009 in just six years and at the same time people losing confidence in the valuation of the market,” he said…

(Editor’s note: Bold added for emphasis)

Not going to steal Authers’ thunder here. You can read the insightful piece on Dr. Shiller here on FT.com, or enter “robert shiller financial times” in a search engine if that link doesn’t work, and go from there.

Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

(Editor’s note: I am not responsible for any personal liability, loss, or risk incurred as a consequence of the use and application, either directly or indirectly, of any information presented herein)

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Monday, September 14th, 2015 Bubbles, Crash Prophets, Investing, Stocks

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