There you go again, with your stupid Yank obsession with facts and accuracy. You should learn from Rogoberta Menchu, dammit.
Seriously, I got this from Jim Grant's 1998 Fall Conference, as quoted in Bill Fleckenstein's Market Rap. So, it's a third-hand quote, but I think this Jim Grant guy is a decent source.
http://www.stocksite.com/features/contrarian/?article=1998/11/rap1127.html
> I'd like to start today with a quote from a Wall Street Legend. "It's
> very rare that you can be as unqualifiedly bullish as you can be now."
> That was Alan Greenspan, not in 1998, but on January 7, 1973, two days
> after the market peaked on its way to declining 50% over two years as
> we endured the worst recession since the depression. I'm sure most of
> you are not aware of this but A.G. actually used to teach a market
> timing class which is where I met Jim. We both flunked the class -
> that's why we aren't working on the sell side or at the Fed.
At the time, the most overrated American public figure since JFK wasn was working for Townsend-Greenspan & Co., Inc., an economic consulting firm in New York City.
I will send e-mail to this Fleckenstein guy, see if he has more details.
-- Enrique Diaz-Alvarez Office # (607) 255 5034 Electrical Engineering Home # (607) 272 4808 112 Phillips Hall Fax # (607) 255 4565 Cornell University mailto:enrique at ee.cornell.edu Ithaca, NY 14853 http://peta.ee.cornell.edu/~enrique