Irrational Exuberance? I Have No Idea

Let me get this out of the way now, by thanking Alan Greenspan (and professor Robert Shiller), for allowing me to utilize the headline phrase ‘Irrational Exuberance’. As you’ll see in that link, irrational exuberance is “unsustainable investor enthusiasm that drives asset prices up to levels that aren’t supported by fundamentals.” In layman’s terms, there’s […]