zerohedge.com / by Tyler Durden / Jun 29, 2017
With the Shiller CAPE index having surpassed the 30x for the first time since September 2001, its creator, Nobel Laureate and Yale School of Management Economics Professor Robert Shiller is warning investors that they should be cautious about investing in such an “unusual” market.
“… the CAPE index that John Campbell and I devised 30 years ago is at unusual highs.
The only time in history going back to 1881 when it has been higher are, A: 1929 and B: 2000.”
“We are at a high level, and its concerning.”
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