Don't be surprised if the market for Son shares lurches back to irrational exuberance.
Yet one thing is not new: the tendency of investors to veer off into irrational exuberance.
This is irrational exuberance, according to Schiff, as the market is fully subsidized by the Fed.
And there's no worry about inflation or irrational exuberance regarding the prices that Crowe is asking.
In fact, a market correction, though unpleasant, helps to prevent irrational exuberance from forming.
That is when irrational exuberance turns into depression and the economy falls into a severe recession.
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Optimism can easily become irrational exuberance: asset prices in some emerging markets have risen too high.
The oil market's recent frothiness is eerily reminiscent of the irrational exuberance in the late-1990s stock market.
Whether or not this is a brief bout of irrational exuberance, stock prices overcame several potential obstacles.
Better still, to avoid irrational exuberance or panic, use five-year average earnings in this calculation, and adjust for inflation.
Alan Greenspan in 1996 very famously said the markets are experiencing irrational exuberance.
We are suffering through another irrational exuberance, based on a tsunami of liquidity.
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Markets are prone to an endless succession of irrational exuberance that allows commodities to dramatically overshoot their intrinsic value.
The decline in productivity shows that the irrational exuberance of the current job market is about to end, he wrote.
Emotional investors, by contrast, make decisions by impulse and hype fueled by irrational exuberance and irrational pessimism, rather than reason.
But some saw it as an ominous sign, a scent of irrational exuberance and the prospect of falling prices in 2012.
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Aggressive investors can also take advantage of the present irrational exuberance to start slowly and cautiously building short positions in pharmaceuticals.
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Most American commentators, however, insist that their housing market is different and does not suffer from British or Australian irrational exuberance.
Was this the shorts' long-awaited moment--sweet revenge, the collapse of the bubble, the dog's hind leg hiked up over irrational exuberance?
They tremble at the realization that his mega money printing and manipulation of long-term interest rates are powering waves of irrational exuberance.
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Mr Mishkin, a former Fed governor, draws a contrast between credit-boom bubbles and irrational exuberance in stockmarkets, such as the dotcom bubble.
For all his talk of the perils of irrational exuberance, Mr Greenspan has been adept at pumping up share prices in the past.
Asset price inflation, an older term for irrational exuberance found in the writings of Austrian school economists, is a monetary virus infecting capital markets.
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It is they who claimed it was impossible to spot asset bubbles, except in hindsight, despite systemic, irrational exuberance in property prices and stockmarkets.
Reflecting such optimism (as well as a certain measure of irrational exuberance), China's Shanghai Composite Index holds a 140% gain for the past 52 weeks.
It was earnings, not irrational exuberance, that made Apple so valuable.
But we should guard against substituting irrational pessimism for irrational exuberance.
Investors hire Grantham to spot irrational exuberance and bet against it.
It cut interest rates to hold the U.S. stock market up, producing another round of irrational exuberance, and boosting the stock market up into the 1999 bubble.
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In reality, the stock price reflects nothing more than the state of the current market value, as influenced by public mood swings between irrational exuberance and craven terror.
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