Many investors are nervous that the stock market may soon plunge, and that concern is understandable, says Nobel laureate economist Robert Shiller of Yale University.
"We should already be worried about a steep decline," he tells Forbes. "The market is highly priced, but by my standards not quite as highly priced as it was in 2007."
Shiller is referring to his cyclically adjusted price-earnings ratio, which is based on the last 10 years of earnings.
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1 comment:
Let it crash. The rich and greedy pigs need to suffer. Maybe they'll all start losing millions and become part of the middle class or poor. Or maybe, they'll start jumping out of windows.
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