Bob Shiller moves beyond his normal fence-sitting perspective and goes full Marc Faber in this brief clip. Noting that his CAPE indicator of equity market valuation is flashing red (highest since 1929, 2000, and 2007), Shiller warns it is “when people jump into stocks even though they know valuations are high… that’s a bubble,” slamming CNBC’s rosy perspective reflecting that this is the same as the dotcom rise. Notably he warns specifically “The US equity market is one of the highest in the world,” and now is a good time to diversify away from it.