US stocks could go 'a lot higher' before dropping, says Nobel laureate Shiller

SYDNEY (Sept 14): Near-record US stocks still have scope to zoom to new highs, according to Robert Shiller, the Nobel laureate who's famed for his analysis of asset-price bubbles and who last year warned that the market was over-priced.

"The stock market could get a lot higher before it comes down," Prof Shiller said in an interview with Bloomberg Television Thursday. "It's highly priced, but it could get much more highly priced. It's a risky market now."

The comments are a contrast with increasing focus on gauging when the next bear market kicks in. Strategists at banks including Goldman Sachs Group Inc and JPMorgan Chase & Co have recently highlighted the dangers of an impact from the US-China trade war.

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