Equity Bubble News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Irrational exuberance has its values. >> that time, we were having a run like this, the fed chief was concerned that this thing was overdone. and look at the stock market cha chart. you can see after he ushered those words, the stock market kept going up for a long time. that's the point here. people are concerned they're going to miss out on what is the most lucrative part of a bull market, the last fumes of it. that's why people are unwilling to give up on the assent of the stock market. the new fed chief, ben bernanke, he doesn't see an equity bubble. he is also spending $85 billion a month...

>> we wouldn't have this problem but lobbyists hand out $5,000 checks. >> bill, explain in this simplest sense why it is that alan greenspan is soap directly responsible for creating this con? >> caller: well, first of all, dylan, yours was one of the most succinct problems that i have heard. because greenspan is ultimately responsible because, a, he was the one who put rates at a level that was too low and then refused in the face of all evidence to do anything to try to retard the potential for an asset possible. he was in denial about the equity bubble and turned around and created the stoc...