# Prof. Richard Sylla on the Nasdaq's 15-year record high

1 Faculty News April 23, 2015 ![NPR logo](/sites/default/files/styles/246w/public/assets/images/con_030855.jpg?itok=Ti1_93MD)>

Excerpt from [NPR](http://www.npr.org/blogs/thetwo-way/2015/04/23/397113284/15-years-after-the-dot-com-bust-nasdaq-closes-at-new-record) -- "'I myself have been selling stocks and raising cash, because I think I might be able to buy a lot of these stocks at lower prices, say 6 months or a year from now,' says [Richard Sylla](http://www.stern.nyu.edu/faculty/bio/richard-sylla), a financial markets professor at NYU's Stern School of Business. And that means he knows about all kinds of esoteric-sounding yardsticks for measuring the stock market. On some metrics, like the 'Shiller CAPE ratio,' he says, 'our markets as a whole, they are as high as any time except 1929, 1999 and 2007.'"

[Read more](http://www.npr.org/blogs/thetwo-way/2015/04/23/397113284/15-years-after-the-dot-com-bust-nasdaq-closes-at-new-record)