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One of America’s most famous economists, Robert Shiller, known for his cyclically adjusted price-earnings ratio, which gives a more accurate picture of the market. In his newest book "Irrational Exuberance" he argued that many factors indicate that the U.S. stock market was massively overvalued at its level of 2700 on December 31st 1999 and predicted a crash to come. And indeed, the dotcom bubble burst in 2000 and equities lost about a third of their value before recovering in 2002.

The introduction to an informative and factual blog post titled "How to Overcome Writer's Block". The writer, Dr. Shulman, is a Professor of English at Columbia.

Author's website: http://adamshulman.blogspot.com/ Shiller also has a recurring feature on "Marketplace" syndicated radio program called "The Economist" with his latest piece being published on the program's website at http://www.economist. com/blogs/the_weblog/2007/08/in_a_globalizing.html The following is taken from Robert Shiller's website:

http://www.nytimes. com/roomfordebate/2011/02/08/whats-ahead-for-the-stock-market/?src=me&ref=general http://www.nydailynews.com/blogs/business/2011/02/shiller-sees-more-boom-bust cycles.html http://www.nytimes.com /2008 /01 /27 /opinion /27shiller.html http://www.nytimes.com /2009 /03 /07 /magazine/07EconomicArticl e t. html http://www.nytimes.com/2011/03/18 /opinion /18brighthouse.html?_r=1 https://www.princeton .edu/~shiller/temp /RSSST.htm

"Shiller is a great economist and he deserves the Noble prize"- Jim Cramer (2008) "MarketWatch" article on Nobel Prize Nominee's Predictions: http://www.marketwatch.

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