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Yale vs. Penn: Where Are Stocks Headed ?

FYI: Yale’s Robert Shiller and Penn’s Jeremy Siegel at odds on the direction of stocks.
Regards,
Ted
http://www.marketwatch.com/story/yale-vs-penn-where-are-stocks-headed-2014-08-22/print

Comments

  • Professor Robert Shiller:
    http://www.cnbc.com/id/101930841

    30 year TIPS were negative in 2012......'that looks a little bit like a bubble'
    'the whole thing might correct, both stocks and bonds'
    "The bond market is looking expensive"
    "how can it be that everything is expensive....but it can be"


    Professor Jeremy Siegel:
    http://www.cnbc.com/id/101931511

    The fair market value of the Dow is approx. 19,000
    Current 2014 P/E is 16.5, which is very reasonable considering low interest rates, low inflation and good corporate earnings.
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