http://www.subprimeblogger.com/2009...-worried-about-the-stock-and-housing-markets/ Subprime Blogger Your Mortgage News Source Shiller: Stocks are Overvalued; Worried about the Stock and Housing Markets By: Jesse Wojdylo Posted on | October 19, 2009 Robert Shiller, Yale Finance Professor fells that stocks are overvalued and he is worried about the stock and housing markets. Shiller is quoted as saying âsomehow we got into this really speculative mentality and I donât think weâre out of it yet.â Shiller told Tech Ticker in a video link here that the current booms in the housing and stock markets canât be trusted to continue. The current rebound that we are seeing is quite amazing. Shiller points out that you have to go all the way back to the Great Depression to see a turnaround in the stock market so quickly. With this being said Shiller feels that stocks are currently overvalued as he has put a P/E valuation of around 20 on the current market. This is well above the average over the course of time. Robert Shiller is one of the brightest minds in America and everyone should read his book Animal Spirits: How Human Psychology Drives the Economy And Why It Matters for Global Capitalism. Some of his other interesting books include Subprime Solution: How Todayâs Global Financial Crisis Happened and What to Do about It and Irrational Exuberance. His knowledge and understanding of financial markets has made him a great predictor of future market directions.