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January 2011 article: "Stock Markets are 'Overpriced': Robert Shiller" http://www.cnbc.com/id/41288407 http://www.cnbc.com/id/41288407 Stock markets in the de
by JauntTrooper 9y ago
January 2011 article: "Stock Markets are 'Overpriced': Robert Shiller" http://www.cnbc.com/id/41288407 http://www.cnbc.com/id/41288407
Stock markets in the developed world have risen too much, Robert Shiller, economics professor at Yale, told CNBC Thursday.
On Wednesday, the Dow bounced above and below the psychologically-important 12,000 for much of the session. But stocks look expensive, Shiller said.
"I would say the market is overpriced based on fundamentals … I'm talking about the US and probably Europe," he said.
[The market has almost doubled since then.]
- UK-AL 9y agoExactly my point. Everybody was saying they were overvalued, and were about to crash. Yet they went even higher and still going higher almost 7 years later. Thus you can't time the market. Don't trust experts telling you to enter and exit.
- JauntTrooper 9y agoYup, I was agreeing with you. :)