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Light & VerityQuotedEcon professor and Nobel Laureate Robert Shiller opines on the stock market.  Peter YangView full image“The market is way overpriced. It’s not as intellectual as people would think, or as economists would have you believe.” —Sterling Professor of Economics Robert Shiller, quoted in a March 14 Bloomberg article. Shiller, famous for anticipating the dot-com and housing bubbles, said he is avoiding adding US stocks to his portfolio; he’s skeptical of the widespread idea that the new administration has brought with it a “new era” in the market.
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