# Professor Richard Sylla discusses the current state of the stock market

1 Faculty News October 21, 2017 ![TheStreet logo](/sites/default/files/styles/246w/public/assets/images/thestreet.jpg?itok=2XiyrQ8_)>

Excerpt from [TheStreet.com](https://www.thestreet.com/story/14350923/1/stock-market-correction-might-be-coming.html) -- "'Valuations are very high,' said [Richard Sylla](http://www.stern.nyu.edu/faculty/bio/richard-sylla), a professor emeritus of economics at New York University Stern School of Business, who said he keeps a close watch on the more complex Shiller CAPE PE Ratio. 'That's the kind of flashing light warning signal that says we're in territories where valuations are extremely high.'"

[Read more](https://www.thestreet.com/story/14350923/1/stock-market-correction-might-be-coming.html)