Greenspan: Rational exuberance!

Greenspan: No 'Irrational Exuberance' in Stocks Now

Excerpt:

Greenspan said in a " Squawk Box " interview that stocks by historical standards are "significantly undervalued" even considering the recent moves higher. He added that the payroll tax increase didn't dent spending because of rising asset prices.

Comment: See earlier post - Dow record: irrational or rational exuberance? My own view ... always good to be a rational investor