“At the ceremony in Sweden, Schiller told Reuters news agency that the Federal Reserve‘s economic stimulus and growing market speculation were creating a “bubbly” property boom.  ‘This financial crisis that we’ve been going through in the last five years has been one that seems to reveal the failure to understand price movements,’ Shiller told Reuters.  The S&P 500 Index is now higher by 26.6 percent since the start of the year, logging its longest weekly winning streak since 2004 on Friday.  Both the Dow and the S&P 500 are regularly breaking fresh new all-time highs and the Nasdaq is trading at levels not seen since the Dotcom boom went bust in 2000.”

http://www.cnbc.com/id/101237862

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