Valuation Expert Says Market Only “Slightly Expensive”

An expert on stock valuation who warned about the late-1990s Internet bubble says that stocks aren’t near bubble territory today.  Stocks are only “slightly expensive relative to their long-term average,” John Campbell, who is the chairman of Harvard’s Economics Department — and who was with Robert Shiller the co-author of a late-1996 paper that warned Federal Reserve officials of a stock market bubble — tells MarketWatch’s Mark Hulbert. Back when they presented their paper to Fed Chairman… Read More