Toward Rational Exuberance

"The stock market is big news now, influencing every aspect of the modern economy. Accepted wisdom has it that the market will provide retirement security for anyone willing to diligently save and invest.". "Yet many people still alive can remember a very different time, when the stock market was little more than a primitive insider's game viewed by most Americans with skepticism and suspicion. In Toward Rational Exuberance, B. Mark Smith, a retired stock trader with nearly two decades of practical experience, tells the story of how this stunning transformation occurred. In the course of the…