Archive for July, 2007

“rationally” exuberant

Ah, hahahaha! I just found this article by the nuts at the American Enterprise Institute from the late 1990s, reproduced below

Stock Prices Are Still Far Too Low

By Kevin A. Hassett, James K. Glassman
Posted: Saturday, January 1, 2000

AEI Online (Washington)
Publication Date: March 17, 1999

The U.S. stock market, despite astonishing price appreciation over the past seventeen years, could triple or quadruple in value without exceeding its true worth.

(Read the article)