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Nobel winner Robert Shiller says there's still a risk of a full-blown bear market

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U.S. stock markets experienced a volatile 2018 and a bear market is a possibility in 2019, Robert Shiller, Sterling Professor of Economics at Yale University and Nobel laureate, told CNBC.

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As a non-Nobel prize winner I’m obligated to point out that Shiller has been wrong on this call for at least five years.

A bear market is not a recession, it's a bear market.

And theres a risk we go higher.

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