March 2000 And The New Exuberant Irrationality

Can you say March 2000? We’d give it a try—or at least a quick recall. Start with the fact that the NASDAQ 100 had been rising strongly in response to the tech revolution and stood at 805 a few weeks before Alan Greenspan’s famous “irrational exuberance” speech in December 1996. In the latter he inquired as to whether […]
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