Nobel Prize-winning economist Robert Shiller highlights striking characteristics the stock market shares with 1929.:
It's a comparison no one wants to hear — that this stock market bears striking similarities to that of 1929. The observation is coming from Nobel Prize-winning economist Robert Shiller, who's been arguing valuations are extremely expensive. "The market is about as highly priced as it was in 1929," said Shiller on Tuesday's "Trading Nation." "In 1929 from the peak to the bottom, it was 80 percent down.