Bob Shiller Warns World's "Priciest Stock Market" Could "Absolutely Turn Suddenly"

"Nobel Prize-winning economist Robert Shiller told CNBC Tuesday that a market correction could come at any time and without warning...

"People ask 'well what will trigger [a market correction]?' But it doesn't need a trigger, it's the dynamics of bubbles inherently makes them come to a sudden end eventually..."

Shiller, who won the Nobel Prize for Economics in 2013 for his work on asset prices and inefficient markets, said that markets could "absolutely suddenly turn" and that he believed the bull market was hard to attribute totally to the U.S. political scene.

"The strong bull market in the U.S. is often attributed to the situation in the U.S. but it's not unique to the U.S. anyway, so it's hard to know what the world story is that's driving markets up at this time, I think it's more subtle than we recognize,"

at  https://www.zerohedge.com/news/2018-01-23/bob-shiller-warns-worlds-priciest-stock-market-could-absolutely-turn-suddenly