December 19, 2018

Alan Greenspan says the party's over on Wall Street

The former Federal Reserve chairman who famously warned more than two decades ago about "irrational exuberance" in the stock market doesn't see equity prices going any higher than they are now.

"It would be very surprising to see it sort of stabilize here, and then take off," Greenspan said in an interview with CNN anchor Julia Chatterley.

He added that markets could still go up further — but warned investors that the correction would be painful: "At the end of that run, run for cover."

Read more at https://edition.cnn.com/2018/12/18/business/alan-greenspan-stock-market-party-over/index.html


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