Greenspan: Rally not due to irrational exuberance

Former Federal Reserve Chairman Alan Greenspan told CNBC on Friday that stocks are still significantly undervalued and that Wall Street’s record run isn’t a result of “irrational exuberance” — the term he used in a 1996 speech that subsequently came to characterize the tech bubble. “Irrational…

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Greenspan: Rally not due to irrational exuberance

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