Investors Exuberance

The movement of stocks might more tied to frame of mind rather than framed valuation principles …..

 

10/28/1929

According to Robert Shiller in his book “Irrational Exuberance” no single news caused the market to crash on that day

1987 “Black Monday”

https://www.businessinsider.com/black-monday-dow-jones-industrial-average-1987-crash-causes-shiller-2017-10

http://cowles.yale.edu/sites/default/files/files/pub/d08/d0853.pdf

Shiller CAPE PE Ratio very high ….

http://www.multpl.com/shiller-pe/

9/28/2008

https://money.cnn.com/2008/09/29/markets/markets_newyork/

 

Author: theuniversityclubpodcast

Finance lecturer Former MD in large Investment Bank Podcast producer MBA Investor

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