Wednesday, May 2, 2012

Greenspan’s words of wisdom.

Greenspan Says U.S. Stocks ‘Very Cheap,’ Likely to Rise

Will make your blood boil when he talks about the housing market. I never heard him say this three years ago, this must be a sell signal.

Posted by will @ 02:21 PM (1090 views)
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2 thoughts on “Greenspan’s words of wisdom.

  • He hasn’t exactly got a great track record of calling the moves.

    From 19 Nov 2004:

    16:20 ET Dow -115.64 at 10456.91, Nasdaq -33.65 at 2070.63, S&P -13.21 at 1170.34
    [BRIEFING.COM] […] The Chairman commented “anyone who has not appropriately hedged this position by now obviously is desirous of losing money,” and this sent both equities and treasuries tumbling… As the 10-year note lost ground (yielding close to 4.2%), so too did financial and homebuilding stocks… […]

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