Robert Shiller, recent winner of the Nobel Prize in Economic Sciences, author of Irrational Exuberance, The Subprime Solution: How Today’s Global Financial Crisis Happened, and What to Do about It, Market Volatility Finance and the Good Society, Macro Markets: Creating Institutions for Managing Society’s Largest Economic Risks , The New Financial Order: Risk in the 21st Century, a Yale professor and the co-creator of the Case-Shiller Home Price Indices discusses the importance of psychology in the markets and what it’s telling him now.

Robert Shiller video interview and more below

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Beware The Signs Of Irrational Exuberance And Market Bubbles Wherever They Occur

http://wealthtrack.com/recent-programs/robert-shiller-nobel-prize-winning-economist/

SHILLER: VIVA ITALIA!

iShares MSCI Italy Capped ETF (EWI)

Price: $16.66 on 2/20/14

“Because their market is priced so low. Their CAPE as we calculate is among the lowest in Europe. Now, it’s come up a little bit since I bought, but I think it has a ways to go…. They’re going through a hard time right now, a definitely hard time. I just think they’ll be back, and that’s value investing, just looking at all the great things that have come from Italy, and here’s a chance.”