Robert Shiller Says: Investors Should Buy Stocks & Real Estate
Decent companion to Granthams latest letter.
(Note: This is not an investment recommendation. I do not agree with everything Shiller says. Please do your own research before purchasing any investment. )
Click Here To Read About Robert Shiller’s Latest Opinions on Real Estate & Stocks
Article Introduction (Via Robert Shiller @ Bloomberg)
Investors should brave the risk of “economic chaos” and buy stocks and real estate, said Yale University professor Robert Shiller, whose 2000 book “Irrational Exuberance” predicted the market’s collapse.
“I’m less pessimistic than I was a few months ago,” Shiller said of U.S. equities in an interview in New York. “The price-earnings ratio is about average, and by that you might say it sounds like one should be in the market and have a balanced portfolio that has a good share of stocks.”
“The unemployment rate is probably going to go up substantially more, we’re going to have more economic chaos, confidence will come back to a lower level again,” Shiller said. “It’s still a seriously cloudy picture and there’s substantial risk of further substantial home price and further stock price declines.”
Click Here To Read About Robert Shiller’s Latest Opinions on Real Estate & Stocks
