Wednesday, January 05, 2011

Schiller: S & P 500 will be up 13%...between now and 2020

Famed economist Robert Schiller who was one of the first to call the stock market and real estate bubbles believes that the stock market in general will rise by a total of 13% over the next decade. An extremely bearish forecast, but based on very real analysis of historic valuations. Schiller is not making this determination based upon any view of the current economy, it is a simple historic extrapolation of stock market mean reversion.