Greenspan said in '97 that the market reflected a state of "irrational exuberance." If, on that day, you said "oh, cool , I'm exuberant too!" and dumped all yo

Greenspan said in '97 that the market reflected a state of "irrational exuberance." If, on that day, you said "oh, cool , I'm exuberant too!" and dumped all your money into random stocks, then you'd still have made money at the bottom of the .com bubble crash. I totally agree with this guy, but my only reaction is "of course... so what?" I think any educated observer is wowed by the stock market right now. Anything other than "wow!" is voodoo