Whenever the market will be back exploiting its role (that is, allocating capital in the best efficient way possible) and the greatest
rational exuberance of all times will be over, not to mention the induced the moral hazard, we'll go back talking about valuations.
«Our «
rational exuberance» rests on a combination of above - trend US and global economic growth, low albeit slowly rising interest rates, and profit growth aided by corporate tax reform likely to be adopted by early next year,» Kostin said in a report for clients.
Not exact matches
It was called «
Exuberance is
Rational,» and described the lonely, heretical work of proving that value is subjective, and consumers are emotional and unpredictable about how they perceive it.
Likewise, a shift from irrational
exuberance in the local economy to
rational optimism would be a healthy change,» according to Paragon.
Although the valuation of the market is not as stretched today as it was in the late 1990s, investors»
exuberance is also arguably more
rational than it was then.»
So we've been trying to tease out whether there are
rational explanations for our current situation, or whether irrational
exuberance is the only justification.
But eventually, when our own feelings — our repressed
exuberance or anger — are stirred, we are uncomfortable, and criticize our partners for being too outgoing, too coldly
rational, to temperamental.