Is Wall Street Entering a New Stock Market Supercycle?

20minutos

Center

Factuality

Ownership

In December 1996, Alan Greenspan, then president of the Federal Reserve (Fed) said two words that would remain engraved in financial history. He spoke of “irrational exuberance” to explain what was happening with the United States Stock Exchange. With them, he warned about a possible overvaluation of shares. The S&P 500 then quoted around 750 points. Four years later, just before the dotcom bubble burst, the index rubbed at 1,500. The double. To…