R. Schiller: Stay in the market because the indexes can rise by another 50%

Nobel laureate Robert Schiller believes that investors must remain on the market because the bullish market can last for years.
According to him investors should hold some positions in their portfolio. The market may rise by 50% from now on. This happened around 2000 when these levels were reached. It increased by 50%.
Shiller thinks that if someone wants to diversify because the United States has a high SARE ratio, you can go anywhere in the world and find lower ratios. We may even see a higher new peak for the CAPE ratio, this is not a forecast, Schiller said in an exclusive interview with CNBC.
The expectations expressed by the economist become conditional that he finds a negative correlation between future profitability and high CAPE ratios.
And while the current CAPE ratio is at a level of 29, which is above the historical average of 17, Schiller does not predict a market downturn.
The analyst sees a real opportunity for stock and property prices to move up for years.