The stock market is at the same valuation as when Greenspan made his ‘irrational exuberance’ comment - MarketWatch
1. U.S. stock valuations match Greenspan's 'irrational exuberance' comment era. 2. Earnings yield compared against the 10-year Treasury indicates current market valuation. 3. Current valuations may deter risk appetite among investors. 4. High valuations could lead to upward pressure on Treasury yields.