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Greenspan Says U.S. Stocks ‘Very Cheap’


JEast
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He was also very worried about US supplies of Natural Gas in the mid 2000's.  Not my go-to guy for investment advice.

 

Or detecting asset bubbles!  He was the Angelo Mozillo of Fed Chairmen.  Cheers!

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"It's very rare that you can be as unqualifiedly bullish as you can now" - Alan Greenspan on Jan 7, 1973 in NYT interview.

 

He also worried about running out of Treasuries due to Govt surpluses in 2000. If there is a Bid Laden life time achievement award for creating the greatest destruction on the United States, Greenspan would be my nominee for that.

 

Vinod

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I tough Efficient Market Theories say that assets are never overvalued or under-valued. Making the current market as good as a buy then 4 years ago. Go figure why he's not walking the talk...

 

BeerBaron

 

He doesn't strike me as believing in EMT.  I remember when he talked of "Irrational Exuberance" -- right there that casts him out of the EMT church.

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