Greenspan: No 'irrational exuberance' in 'significantly undervalued' stocks
Alan Greenspan said investors don't have to worry about irrational exuberance driving the current stock runup Former Federal Reserve Chairman Alan Greenspan said that even with record-high stock prices, investors don't need to worry about "irrational ... cnn.com
Posted by Sir Four
at 11:30am Mar 15 '13You must sign in to send Sir Four a message
My personal dilemma is that I've got money earning basically nothing in a savings account, and it sucks because I want my savings to grow. I should've put money back into stocks a year, two years (whatever) ago, but I just never got around to it. Now the market is back up to big-time highs, having had a good run for the last year.
Do I think stocks will continue climbing? I do, assuming the economy continues to improve over the next year. But I also feel like a sucker if I "buy high" now, since there's a risk of a correction AKA decline in the market.
So Greenspan says stocks are still undervalued. Do you agree, or is the market due for a period of flatness or worse, decline? What are you doing/would you do with investment money right now?
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