Irrational Exuberance Reconsidered
Subtitle: The Cross Section of Stock Returns (Springer Finance)
Edition: 2nd ed. edition
Publisher: Springer
Published: March 5, 2004
Language: eng
Format: Hardcover
Number of pages: 230
ISBN-13: 9783540140078
Subjects: Investment & securities; Investment analysis; Economics - Comparative; Business & Economics; Business/Economics; Investments & Securities - Stocks; Finance; Business & Economics / Finance; Capital assets pricing model; Economics - General; Rate of return
First sentence: In a speech before the annual dinner for the American Enterprise Institute in Washington on December 5, 1996, the Chairman of the Federal Reserve, Alan Greenspan, was thinking aloud about the state of the US stock market at that time.