Oh, and thanks for the suggestion that we paraphrase the Bane speech from Batman as a template for my inaug-irrational speech.
For example, Alan Greenspan's "irrational exuberance" speech was given in 1996, not 2000.
Greenspan's "irrational exuberance" speech was clearly intended to caution the markets.
By 2005, stock prices were twice as high as they had been when Greenspan gave his "irrational exuberance" speech.
His "irrational exuberance" speech in 1996 contained references to, among other things, Alexander Hamilton, William Jennings Bryan and the Japanese stock market bubble.
500 -- a much better measure than the overused Dow -- is now below its level in late 1996, when Alan Greenspan gave his famous "irrational exuberance" speech.
One benchmark of a sort was reached when the Nasdaq composite index fell below 1,300.12, the level it was at on Dec. 5, 1996, when the Federal Reserve chairman, Alan Greenspan, delivered his celebrated "irrational exuberance" speech.
If you remember, Alan Greenspan made his famous irrational exuberance speech.
When Chairman Alan Greenspan made his December 1996 "irrational exuberance" speech, the stock rally was 14 years old, a good time to curb excesses.
In comparison, after Greenspan's "irrational exuberance" speech in December 1996, the Nasdaq rose "only" 280% to its March 2000 peak, and that period was over twice as long.
Shiller and his colleague John Campbell famously presented their research to the Federal Reserve in December 1996, warning that stocks were dangerously overvalued, and Fed Chairman Alan Greenspan delivered his "irrational exuberance" speech a week later.
