Friday, July 10, 2009

Robert Shiller on Yahoo! tech|ticker

That neutral valuation suggests the stock market is likely to resort to its long-term average of 7% annual gains, Shiller says. That sounds great, but the famed professor isn't forecasting that outcome due to one major caveat: The economy is in a "precarious state" and, should it stumble anew, the stock market "could go down a lot," he says.

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