The Irrational Exuberance Matrix below comes courtesy of EconomPic Data. Full marks to Jake for an excellent illustration.
Source: EconomPic Data, July 24, 2008.
Where on the matrix are we at this juncture in the US stock market? This is where I am going to rely on your collective wisdom and ask you to express your opinion on which quadrant applies to the stock market at the moment. All you need to do is provide your answer by clicking on the appropriate button on the poll image below.
The poll will run until 22:00 EST on Monday, July 27, 2008, whereafter the results will be reported on the blog.
