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20140920_Irrataional1.gif (644×484)

The market has been "irrationally exuberant" for almost the entire time since Greenspan committed a rare act of honesty in 1996.

Image added from zerohedge.com/sites/defaul...ataional1.gif

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Morrise

bet it then!! 9/20/14

Tattoo522

Yeah, and notice the total shift upwards between the pre-1987 & post-1987 periods. Gee ... what happened in 1987? Alan Greenspan became the Fed chairman, the market crashed and the Greenspan/Bernanke/Yellen Put was born! 9/20/14

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Posted

By: Tim Knight
On: 9/20/14 4:10PM

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