New Stock Coverage: Lions Gate a Paper Tiger?
MINYANVILLE ORIGINAL The stock market threw quite a Sweet 16 celebration for itself on the anniversary of that day in 1996 when Alan Greenspan famously warned of “irrational exuberance.” (The Dow (^DJI) was at 6437 back then and begins this morning at 13034 so heaven knows what our ex-Fed head makes of its current level.) Shares advanced to fresh four-week peaks and did so without any assistance from Apple (AAPL) which endured its single worst day in four years. (Its split-adjusted shares on December 5 1996: $6.19. Its shares now: $538.79 so shed no tears.) Mr. Greenspan could have avoided the bubble ...
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