Irrational exuberance is alive and well on Wall Street, according to a valuation model proposed by former Federal Reserve Chairman Alan Greenspan.
The model in question is not the one you’re probably thinking.
The story of how Greenspan came to use the phrase “irrational exuberance” is well-known and widely repeated: He first used it in a…
This article was originally published by Marketwatch.com. Read the original article here.