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What Nobel Prize-winning economist Robert Shiller thinks about the stock market right now 🧐

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What Nobel Prize-winning economist Robert Shiller thinks about the stock market right now 🧐

'I'm not that alarmed' πŸ‘

Sam Ro, CFA
Jun 2, 2022
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What Nobel Prize-winning economist Robert Shiller thinks about the stock market right now 🧐

www.tker.co
Robert Shiller speaks with Jeffrey Sherman at the Wealth Management EDGE conference in Hollywood, Florida on June 1, 2022.

HOLLYWOOD, Fla. β€” Nobel Prize-winning economist Robert Shiller is not particularly alarmed by what some market watchers argue are troublingly high valuations in the stock market.

In a wide-ranging conversation with DoubleLine Capital CIO Jeffrey Sherman at the Wealth Management EDGE conference on Wednesday, Shiller addressed the current state of the widely-followed cyclically adjusted price-earnings (CAPE) ratio for the S&P 500.1

β€œIt has come down into the low 30s,” he said. β€œIt kind of puts us where we were in other times in history that were relatively extreme.”

β€œBut you know, the stock market has performed very well over the last 100 years,” he added. β€œI like to look at long-term time horizons. And so when it's highly priced, it doesn't necessarily make it a horrible investment.”2

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