Greenspan Says U.S. Stocks ‘Very Cheap’

[JEast]

Now that is funny.

Market up nearly 100% since the lows of early 2009, and now stocks are cheap.

I guess we should all start placing our shorts and buying puts now if you have not already done so.

 

http://www.bloomberg.com/news/2012-05-01/greenspan-says-u-s-stocks-very-cheap-likely-to-rise.html

 

 

Cheers

JEast

[StubbleJumper]

Well, I guess Greenspan can call himself a contrarian!

[gfp]

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

[PlanMaestro]

Can someone remind me who is Greenspan?

[Parsad]

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!

[WarrenWatsa]

When I see these types of articles, I typically just go to the comments looking for a good chuckle.  ;D

[twacowfca]

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!

 

That's good!  ;D

[vinod1]

"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

[beerbaron]

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

[scorpioncapital]

He's right... and a very smart man from the books I've read by and about him :)

[ERICOPOLY]

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.

[scorpioncapital]

http://www.bloomberg.com/video/91747701/

[Kiltacular]

Greenspan "ARM"ing the Housing Bubble -- early 1994:

 

http://www.usatoday.com/money/economy/fed/2004-02-23-greenspan-debt_x.htm

 

"American consumers might benefit if lenders provided greater mortgage product alternatives to the traditional fixed-rate mortgage," Greenspan said.

 

--

 

Heads you win.  Tails, you bring down the world financial system.