Archive for March 2009

Irrational Pessimism?

“It was impossible to get a conversation going; everybody was talking too much.” – Yogi Berra In 1996, Fed Chairman Alan Greenspan coined the term “irrational exuberance” to describe what he felt was unjustified speculation in the stock market as the S&P 500 rose past 744. Now, 12 years later, the S&P500 has moved past…

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