wall street in 2008 - now completely irrational!
So, you have some moderately persuasive data telling you that the country, as a whole, is feeling pretty grim about the economy. It’s no secret that, post 9-11, consumer confidence has been a significant factor in keeping the US economy afloat. So the receipt of that news leads investors on Wall Street to… start a crazed bidding war over shares in companies that might be gone in the next year or two?
3 years ago