Latest / Thoughtful Money with Adam Taggart
Markets Are In A "Speculative Blowoff", But When Will It End? | David Hay
Back in 1996, Federal Reserve Chair Alan Greenspan famously said: "How do we know when irrational exuberance has unduly escalated asset values, which then become subject to unexpected and prolonged contractions?" It was a prophetic question, as the stock market soon after became caught up in the mania of the DotCom bubble, reaching unprecedented levels of overvaluation followed by a precipitous price correction. The Nasdaq didn't return to its 2000 highs until 15 years later. Many are feeling like it's deja vu all over again with the latest run-up in the small number of stocks, colloquially…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.