Quote:
Originally Posted by cal828
Personally, I think Mr. Greenspan said it best. It looks like a bunch of irrational exuberance to me.
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Always loved that phrase from the former Fed Chairman. As I recall, on the day he said that, the Dow dropped several hundred points.
We've probably both known more than a few horseplayers who have shown irrational exuberance about a "steam" horse who went off at 1-5. And in the immortal words of Harvey Pack, "...hardly a man is now alive who paid the mortgage at 1-5."