Practical analysis for investment professionals
18 May 2012

Irrational Exhuberance Redux? Greenspan Says Stocks Are Cheap

Posted In: Equity Investments

On the heels of solid first quarter gains, equity markets across the globe have sputtered as of late, as investors wrestle with conflicting signals. Among the many notable data points: Bloomberg recently reported that outflows from U.S. equity mutual funds in April reached their highest level in nearly 30 years. Such capitulation is certain to raise the antennae of contrarians. So are recent comments by former Federal Reserve Chairman Alan Greenspan.

Here is some of the equity-related news that recently caught my eye:

For more news and trends, visit the Equity Investments Community of Practice.

About the Author(s)
David Larrabee, CFA

David Larrabee, CFA, was director of member and corporate products at CFA Institute and served as the subject matter expert in portfolio management and equity investments. Previously, he spent two decades in the asset management industry as a portfolio manager and analyst. He holds a BA in economics from Colgate University and an MBA in finance from Fordham University. Topical Expertise: Equity Investments · Portfolio Management

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