Greenspan was right when he made the irrational exhuberance call and the markets will have to retreat back to about the levels they were when he made that call - OUCH!
Glad I'm sitting on a big pile of cash with no debt.
I also know the markets will remain under pressure until after the second Iraq war.
Interesting to see who'll be right me or the chardonay socialist stocktraders I see posting here.
Let the games begin.
