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The Markets Are Irrationally Exuberant
Allan greenspan said 19 19 96, december, that the markets were irrationally exuberant. The market proceeds to go up another 50%. From there, crashis 30 % at the time it crashed,. lowest point of which it took two and half years to crash. So he was right, but he was wrong. This is the point about naciers in the market. They will eventually be right, but when is the question.