Hart Nat Hentoff David Horowitz Arianna Huffington Marianne Jennings Michael Kelly Mort Kondracke Ch. Trouble is, they've been saying this for the better part of the past eighteen-year bull market. Here's a second opinion.
Stock markets are inherently rational, and they are correctly valued.
In a moment, I'm going to show that some major market indexes are today exactly where they ought to be. Before the proof, here's a third opinion. The principle reason for volatile market swings is irrational government policies. That is, monetary, tax, regulatory or trade policies that block economic growth and global commerce. Arthur Laffer calls this the four prosperity killers.