Current Irrational Market Exuberance Increasing Correction Risk
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Introduction As pointed out by Lance Roberts in an excellent article entitled Exuberance โ Investors Have Rarely Been So Optimistic (and from which much of the content in this article has been quoted) “Nobel Prize-winning economist Robert Shiller famously coined โirrational exuberanceโย to describe situations where speculative behavior pushes asset prices far above intrinsic values. Shillerโs […]