Robert Shiller of Yale (author of the well-timed Irrational Exuberance) and Jeremy Siegel of Wharton (author of the prescient Stocks for the Long Run) continue to disagree on the future course of the market. If you follow Shiller, you believe that stocks are at or close to being overvalued. Siegel's view is that stocks offer value at today's prices and now is a time to be bullish.
DIY Investor believes that the appropriate stance is to focus on developing a strong asset allocation plan and sticking with the plan. Still, the views of these two giants in the investment world are worth listening to:
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