Faculty Publications

Title

Rational Exuberance

Document Type

Article

Publication Date

11-30-2017

Abstract

In a piece penned in MarketWatch on Halloween entitled “Warren Buffett’s favorite market metric suggests investors are playing with fire,” Shawn Langlois claims that Warren Buffett’s favorite stock market indicator is currently in dangerous territory. In fact, the measure was nearing levels only witnessed prior to the bursting of the tech bubble in 2000.

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