In the spring of 1998, when James K. Glassman and Clive Crook argued about whether the market’s robust performance indicates real economic health or simply a speculative frenzy, the Dow Jones industrial average had climbed to about 9,100. Last February, when Bill Fleckenstein and Dave Kansas debated whether the stock market is a bubble, the Dow was hovering at around 9300. Less than a year later, it’s inching upward of 11,000. When will the bubble burst–if it bursts at all? Read the two debates–and check on which predictions have come true since.
Is the Stock Market a Lot of Bull?
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