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Originally Posted by JolyB
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."
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Yep, that saying by Mr. Greenspan was one that would stick with you for awhile. Love little sayings like that. What goes around comes around another and just about anything that Yogi Berra ever uttered.