Saturday, May 28, 2005

Running Out of Bubbles: "Remember 'Dow 36,000'? Robert Shiller, who argued against such rationalizations and correctly called the stock bubble in his book 'Irrational Exuberance,' has added an ominous analysis of the housing market to the new edition, and says the housing bubble 'may be the biggest bubble in U.S. history.'" —The New York Times