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050		4	_aHG4910 _b.S457 2005
090			_aHG 4910 .S457 2005
100	1		_aShiller, Robert J. _999479
245	1	0	_aIrrational exuberance _cRobert J. Shiller
250			_a2nd ed.
260			_aNew York, NY: _bCurrency/Doubleday, _c2005
300			_axxvii, 304 p.: _bill.; _c24 cm.
336			_2rdacontent _atext _btxt
337			_2rdamedia _aunmediated _bn
338			_2rdacarrier _avolume _bnc
504			_aIncludes bibliographical references (p.271-286) and index.
500			_aOriginally published: Princeton, NJ : Princeton University Press, c2000. in hardcover edition.
500			_a"With new material on the real estate bubble." -- Cover.
505	0		_aThe stock market in historical perspective -- The real estate market in historical perspective -- Precipitating factors: the capital explosion, the internet, and other events -- Amplification mechanisms: naturally occuring Ponzi processes -- The news media -- New era economic thinking -- New eras and bubbles around the world -- Psychological anchors for the market -- Herd behavior and epidemics -- Efficient markets, random walks, and bubbles -- Investor learning and unlearning -- Speculative volatility in a free society.
520			_aTaking his book's title and thesis from Alan Greenspan's 1996 description of investors, Shiller (economics, Yale Univ.) studies the current booming U.S. stock market in historical terms. His research into past U.S. and international markets indicates that during every speculative bubble there was always widespread consensus that high valuations were justified by each market's special circumstances. Every large market correction seemed to result from popular consensus rather than specific events or news. Shiller says that past bull and bear markets, though often based initially on sound fundamental reasoning, fed upon themselves to go beyond what the facts justified. He challenges the efficient market theory, demonstrating that markets cannot be explained historically by the movement of company earnings or dividends. He concludes that the current U.S. stock market is a speculative bubble awaiting correction. While the book certainly belongs in all academic business collections, public libraries should also purchase it as a counterweight to the plethora of get-rich-quick investment guides.Lawrence R. Maxted, Gannon Univ., Erie, PA Copyright 2000 Cahners Business Information, Inc. From: Reed Elsevier Inc.
650		0	_aStocks _zUnited States _9109134
650		0	_aStock exchanges _zUnited States _9109136
650		0	_aStocks _xPrices _zUnited States _9109138
650		0	_aRisk _9109139
650		0	_aDow Jones industrial average. _969588
852			_y03-02-2008
907			_a20599 _b08-06-10 _c08-06-10
942			_cBOOK _00
998			_aaudmc _b03-02-08 _cm _da _e- _feng _gxxu _h0
945			_g0 _i49925 _j0 _laudmc _nCopy Type:01 - Books _o- _p0.00 _q- _r- _s- _t1 _u0 _v0 _w0 _x0 _yi10274340 _z08-06-10
999			_c20599 _d20599