Nobel Prize-winning economist Robert Shiller believes the fear of missing out is fading.
According to Shiller, the market phenomenon was the major narrative driving the historic rally off the March 23 low — as the world entered the throes of the"The market is highly priced, but it's not so high that I wouldn't consider it as an investment," the behavioral economics expert told CNBC's ""If the vaccine works, we've made a fundamental change," the Yale University professor said. "It's not just a psychological change.
He expects work-from-home roles will become vastly more acceptable even as Covid-19 restrictions are lifted. Shiller speculates the impact will curb demand for activities such as restaurant meals on the go and items like automobiles. Meanwhile, the migration would likely support some of," is concerned about the collective level of optimism surrounding how quickly a vaccine will return life to normal.for at least another year.
Yet, it may not weigh too heavily on stocks. Even though Shiller emphasizes it's difficult to predict the market's direction during such an unprecedented time in history, he believes
mr shiller didn't seem sober during this interview
Seems Funny. You Say, Highly Priced But Wont Cash Out. Seems Like the People to Complain Are the Ones Looking For Re-Entry. And Shiller Just May Just Experience Less Of a Return When He Decides to Hold When Other Think Sell Some at High Priced Stock. 'Chime'
(as he takes profit)
cash got nowhere to go with expected inflation, would rather bet on growth and decent dividend earnings.