Nobel laureate and Yale economics professor Robert Shiller is considering getting out of US stocks.
In an interview on CNBC's "Squawk Box" on Wednesday, Shiller, who famously predicted both the dot-com and housing bubbles, said he's more interested in Europe right now.
"I'm thinking about getting out of the United States, somewhat," he said in the interview. "Europe is so much cheaper."
Shiller said he's already investing in Italian and Spanish indexes, and he attributed "pricey" stocks in the US to low long-term interest rates.
"It is just stunning how low they've gotten," he said.
This is a slight change of tone from November 2014, when Shiller told CNBC he was "still in the market" despite how pricey it was.
Currently, Shiller said, about half of his money is in equities. He is not hedging currencies.
