Nobel Prize-Winning Economist Says U.S. Market is 'High' And Could 'Keep Going Up'

Robert Shiller says he's not exiting the market completely, but it is a time for caution.
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Nobel Winning-economist Robert Shiller says the U.S. market is "quite high" currently but might go even higher in the coming months, and that's why he's not exiting the market completely.

"Short-run forecasting of the market is very hard," said Shiller. "I think it's a time for caution, but it could go up substantially," he added.

Still, there are areas of the market that he believes are undervalued, namely consumer discretionary, industrials, healthcare and technology.