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.
Author:
Publish date:

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.

WATCH MORE: