2007/07/11
“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, 2000ON THE ISSUES
AEI Online (Washington)
Publication Date: March 17, 1999The U.S. stock market, despite astonishing price appreciation over the past seventeen years, could triple or quadruple in value without exceeding its true worth.
