Treasuries rose for the first time in seven days while Britain’s pound touched to the lowest level since 2010 versus the dollar after U.K. industrial production unexpectedly fell. Most U.S. stocks fell.
"But how do we know when irrational exuberance has unduly escalated asset values?" Alan Greenspan coined this now famous phrase in the midst of what turned out to be a fairly rationally priced stock market in late 1996. But what about now?