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Irrational Exuberance
(redirected from Irrational exuberance (finance))

    Also found in: Wikipedia 0.04 sec.
Irrational Exuberance
An infamous phrase uttered by Alan Greenspan in 1996 to describe the overvalued market at the time.

Notes:
Although every word spoken by Mr.Greenspan, chairman of the Federal Reserve Board, is scrutinized, this phrase was even more so examined as market analysts tried to uncover any and all possible results. The phrase even became the title of a New York Times best selling book by Robert Schiller.



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