The Latest Breaking News from Robert Shiller

It's the summer of 2000 and the Nasdaq 100 has just delivered a staggering 300% gain over three years, but a sudden spike in volatility during the spring signals that equity valuations are starting to descend from their stratospheric highs.

Wall Street has a habit of partying hard right before the crash. Recent weeks felt like a 1990s déjà vu with indexes at record highs, valuations stretched beyond reason, and a handful of mega caps holding everything together. Investors talked about a "new era," but history's warning lights are flashing…

Société Générale’s Albert Edwards said that while some economists are expecting a soft landing his “view is that a recession still lurks.”

Stocks have suffered a rough September, with the S&P 500 dropping from 4,516 at the month's start to 4,275. Look out below?

Shiller: "It has been growing since 2012, it has been about 10 years of steady growth in home prices. But it may be coming to an end"

Apple now has a "Shiller" PE of 61. That's double the present elevated metric for U.S. big caps.

Buying a home is likely to be the biggest financial transaction you will ever make, and you’re at a distinct disadvantage. You’re an amateur up against professionals – real estate agents – versed in psychological tricks to get you excited about owning a property and paying more than you planned.