Stock market will rise 50 percent, esteemed economist says

It’s not very often that a Nobel Prize-winning economist who is known for his bearish calls turns extremely bullish. Last week, professor Robert Shiller of Yale, who called the housing collapse 10 years ago, proclaimed that stocks could rise another 50 percent in the next few years based upon his latest research. Meaning Dow 30,000! That got the attention of many folks, especially the Wall Street analysts, many of whom don’t understand this market. Shiller accurately saw the housing bubble and predicted that it would end very badly, as it did. He also co-developed the S&P/Case-Shiller index, which is a benchmark to measuring housing prices around major US cities. What many may not know is that … Full Story

This is possible, but the market would need to experience at least one very strong to back breaking correction first.

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