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Sunday, May 12, 2013

THE AUTHOR OF MODERN BUBBLES ALLEN GREENSPAN COINED THE PHRASE OR WAS FAMOUS FOR USING PHRASE IRRATIONAL EXUBERANCE.. The Only Thing We Have To Fear Is The Lack Of Fear Itself"

http://www.zerohedge.com/news/2013-05-11/only-thing-we-have-fear-lack-fear-itself


THE AUTHOR OF MODERN BUBBLES ALLEN GREENSPAN COINED THE PHRASE OR WAS FAMOUS FOR USING PHRASE IRRATIONAL EXUBERANCE..

The Only Thing We Have To Fear Is The Lack Of Fear Itself"

Tyler Durden's picture




With NYSE margin debt at extremes once again,complacency at all-time highs, valuations (across equity and credit) frothy, and the cacophony of bullish consensus momentum chasers, it seems the anti-thesis of FDR's speech appears quite appropriate...
Extreme Sentiment - check!

Extreme Leverage - check!




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