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Robert Shiller - Stocks Are in a Bubble
Posted by: Canadian Value (IP Logged)
Date: July 30, 2013 04:57PM
The stock market has had a tremendous rally. Has it reached bubble territory?
Yes, according to housing "guru" Robert Shiller who apparently also is willing to opine on stocks.
Shiller defines a speculative bubble as a situation where news of rising prices only further induces the animal spirits of investors.
It seems that rather than basing his opinion of a bubble on actual valuation of the stock market, Shiller instead is focusing on the optimistic attitude of investors.
Stocks Discussed: SPY, DJI, QQQ,