Author : Don DeVitto
Publisher : Routledge
ISBN 13 : 1135949972
Total Pages : 206 pages
Book Rating : 4.1/5 (359 download)
Book Synopsis Irrational Markets and the Illusion of Prosperity by : Don DeVitto
Download or read book Irrational Markets and the Illusion of Prosperity written by Don DeVitto and published by Routledge. This book was released on 2013-10-31 with total page 206 pages. Available in PDF, EPUB and Kindle. Book excerpt: Irrational exuberance - the now-famous utterance of Alan Greenspan, referred to the seemingly unending upward spiral of the stock market. Of course, as every investor knows, the stock market plummeted after this comment was made, only to recover and exceed every known record over the next year. Nothing, it appears, could keep this market down: not inflationary pressures, concerns over the Asian economic crisis, lack of earnings in many companies, nor elevated stock prices. Nothing, it seems, could stop investors in their passion for bidding up prices of stocks, especially technology and telecommunications. But beware: Irrational Markets warns that Americans are living in an economic dreamland, and that the long bull market and low unemployment levels have only masked a disturbing economic reality - in short, we're in for a rude awakening. Based on extensive research, this provocative book is sobering reading for any current or would be investor.