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He called the stock collapse of 2001 and he was ahead of the housing bubble too. So what does Robert Shiller think the housing market needs now?
Shiller, whose S&P Case/Shiller housing index is widely followed says he’s cautiously optimistic about the future. And he’s hopeful we’ll see some new and more innovative steps to make the financial markets work better.
In fact he has a few ideas. Curious? Watch the video now!
And keep an eye out for Newsweek. Zach Karabell penned an article on this very topic for an issue that's due on newstands soon.
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Trader disclosure: On Jan 9, 2009, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Najarian Owns (CSCO), (DNA); Najarian Owns (XME) Calls, (NVLS) Calls, (NVDA) Calls; Najarian Owns (EEM) Long Call Spread ;Najarian Owns (ERTS) Long Call Spread; Karabell Owns (AAPL), (CL), (DRYS), (GOOG), (JPM), (NOK); Seymour Owns (AAPL), (BAC), (EEM), (F), (TSO); Seymour's Firm Owns (PBR); Finerman's Firm Owns (DSX), (MSFT), (DNA); Finerman's Firm Is Short (IYR), (IJR), (IWM), (MDY), (SPY), (USO), (ANF), (AEO), (BBT); Finerman's Firm Is Long (MSFT) Put Spreads
CNBC.com with wires
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