Robert Shiller has some credibility: He was out in front of both the stock market bubble of 2000 and the financial crisis of 2008.
Shiller agrees with the recent comments made by Alan Greenspan and that there is an "irrational exuberance" in the stock market today, but he certainly does not think it is cheap.
The problem according to Shiller is that fixed income alternatives are definitely not attractive, which makes investing in stocks not a terrible option.
He isn't exactly pounding the table for stocks!
The big risk that Shiller sees to the stock market is if interest rates were to rapidly rise.
Shiller agrees with the recent comments made by Alan Greenspan and that there is an "irrational exuberance" in the stock market today, but he certainly does not think it is cheap.
The problem according to Shiller is that fixed income alternatives are definitely not attractive, which makes investing in stocks not a terrible option.
He isn't exactly pounding the table for stocks!
The big risk that Shiller sees to the stock market is if interest rates were to rapidly rise.
