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Home>Gross: Be Bullish if You Want, but Lower Return Expectations

Gross: Be Bullish if You Want, but Lower Return Expectations

Perspectives Content Submission

Wed, 27 Feb 2013

But how do we know when irrational exuberance has unduly escalated asset values? – Alan Greenspan 1996 PIMCO’s dear friend and former counselor Alan Greenspan coined this now famous phrase in the midst of what turned out to be a fairly rationally priced stock market in late 1996. While the market w…

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