On December 5, 1996 Fed Chairman Alan Greenspan famously wondered whether stock prices reflected an "irrational exuberance" on the part of investors. This afternoon, the S&P 500 closed below its level on that day more than twelve years ago. For an earlier post on the same subject, click here.
Feb 27, 2009
Greenspan-o-Meter - February Update
On December 5, 1996 Fed Chairman Alan Greenspan famously wondered whether stock prices reflected an "irrational exuberance" on the part of investors. This afternoon, the S&P 500 closed below its level on that day more than twelve years ago. For an earlier post on the same subject, click here.
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