#irrational_exuberance
Irrational exuberance
Unfounded market optimism that lacks fundamental valuation
"Irrational exuberance" is the phrase used by the then-Federal Reserve Board chairman, Alan Greenspan, in a speech given at the American Enterprise Institute during the dot-com bubble of the 1990s. The phrase was interpreted as a warning that the stock market might be overvalued.
Thu 4th
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