JEast Posted May 1, 2012 Share Posted May 1, 2012 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 Link to comment Share on other sites More sharing options...
StubbleJumper Posted May 1, 2012 Share Posted May 1, 2012 Well, I guess Greenspan can call himself a contrarian! Link to comment Share on other sites More sharing options...
gfp Posted May 1, 2012 Share Posted May 1, 2012 He was also very worried about US supplies of Natural Gas in the mid 2000's. Not my go-to guy for investment advice. Link to comment Share on other sites More sharing options...
PlanMaestro Posted May 1, 2012 Share Posted May 1, 2012 Can someone remind me who is Greenspan? Link to comment Share on other sites More sharing options...
Parsad Posted May 1, 2012 Share Posted May 1, 2012 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! Link to comment Share on other sites More sharing options...
WarrenWatsa Posted May 1, 2012 Share Posted May 1, 2012 When I see these types of articles, I typically just go to the comments looking for a good chuckle. ;D Link to comment Share on other sites More sharing options...
twacowfca Posted May 1, 2012 Share Posted May 1, 2012 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 Link to comment Share on other sites More sharing options...
vinod1 Posted May 1, 2012 Share Posted May 1, 2012 "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 Link to comment Share on other sites More sharing options...
beerbaron Posted May 1, 2012 Share Posted May 1, 2012 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 Link to comment Share on other sites More sharing options...
scorpioncapital Posted May 2, 2012 Share Posted May 2, 2012 He's right... and a very smart man from the books I've read by and about him :) Link to comment Share on other sites More sharing options...
ERICOPOLY Posted May 2, 2012 Share Posted May 2, 2012 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. Link to comment Share on other sites More sharing options...
scorpioncapital Posted May 2, 2012 Share Posted May 2, 2012 http://www.bloomberg.com/video/91747701/ Link to comment Share on other sites More sharing options...
Kiltacular Posted May 2, 2012 Share Posted May 2, 2012 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. Link to comment Share on other sites More sharing options...
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