If history repeats itself, the worldwide stock market could tumble even more this Friday—a week after a Japan was devastated by an earthquake and tsunami, Yale economist Robert Shiller told CNBC Monday.
"We could see significant drop this Friday,” said Shiller, who is also the co-creator of the S&P/ Case-Shiller Housing Index, which tracks US housing prices.
“That would be too precise a mirror of what happened in ’95, but it’s the kind of thing to watch out for."