Greenspan: No 'Irrational Exuberance' in Markets

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Although blue-chip stocks are hitting all-time high after all-time high, former Fed Chairman Alan Greenspan told CNBC that "irrational exuberance" is the last term he'd use to describe today's market.


Greenspan said in a "Squawk Box" interview that stocks by historical standards are "significantly undervalued" even considering the recent moves higher.

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