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Politics : Welcome to Slider's Dugout -- Ignore unavailable to you. Want to Upgrade?

To: SliderOnTheBlack who wrote (2374)	9/17/2006 3:29:59 PM
From: Night Trader	Respond to of 50729

What most people don't realize about Shiller was that he was pessimistic on the US stock market from at least the early 90s - a low dividend yield was his rationale then. As luck would have it his book came out right at the top but he has no special timing abilities. The book does a good job of collating the excesses of valuation that had been present for some years but did not "predict" the bear market any more than a book on storm strengthening your house predicts a hurricane. The current hero worship of a middling - if focused - researcher I find a little bizarre.

To: SliderOnTheBlack who wrote (2374)	9/17/2006 5:04:19 PM
From: maxncompany	Respond to of 50729

I believe Shiller recently founded or cofounded a new trading vehicle to basically bet on rising/falling real estate prices in several local US markets. Promoted as a way to hedge against your potential loss in market value of your own home. Don't know a great deal more about it, just the general idea.