The stock market's torrid rally has some froth to it, but not an extreme
amount, says Nobel laureate economist Robert Shiller of Yale
University.
The Standard & Poor's 500 Index has jumped 167 percent from its
March 2009 low and has generated a total return of 27.4 percent so far
this year.
"It has bubble elements to it, because people see the market going up,
and they're regretting the fact that they didn't buy in several years
ago. They are tempted back into it," Shiller told PBS NewsHour. (more)
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