Interesting albeit depressing read from Dr. Shiller on the housing market and on stocks.
As you can read from this interview (published on the blog Motley Fool), Shiller is skeptical that the recent improvement in housing prices will continue, since they have been sparked largely by government intervention (i.e. tax credits, Fed buying of mortgage-backed securities).
That said,he is not saying abandoning stocks, since the yields on alternatives are so low.
Robert Shiller Real Estate Housing Market
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