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The Stock Market’s Irrational Exuberance

Summary by American Enterprise Institute
Sir Isaac Newton famously said of the stock market that he could calculate the motion of the heavenly bodies, but not the madness of people. We have to wonder what he might have made of today’s stock market. At a time when the market is being confronted with unusually troubling geopolitical and economic risks, it is partying as if there were no tomorrow. Indeed, today’s stock market valuations are close to the record levels that prevailed shortl…

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vz.lt broke the news in on Monday, June 23, 2025.
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