Wall Street Debates Its Fate

To some observers, this year's sharp runup in stock prices, on the heels of the booms of the 1980s and early 1990s, bears eerie similarities to the euphoria that prevailed in the late 1920s and late 1960s. To others, it heralds the emergence of a new economic era that spells continued strong equity gains.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.