It Hurts When He Thinks

Alan Greenspan thinks stocks are cheap and likely to rise.  This from a guy that help create one of the worst economic downturns in the history of the United States.  Now except for his only lucid moment when as Chairman of the Fed he characterized market behavior as "irrational exuberance" in his testimony before Congress, he has always been a shill for Wall Street.   A tradition not lost with Bernanke.