Irrational Exuberance

Back in 1996 then Federal Reserve Chairman Alan Greenspan stated; “But how do we know when irrational exuberance has unduly escalated asset values, which then become subject to unexpected and prolonged contractions as they have in Japan over the past decade?”

Looking at the performance of various diabetes device companies we can’t help but wonder if Mr. Greenspan’s comments might not apply today. Look at how some of these stocks are doing on a year to date basis;

Abbott +9.89%

Medtronic +13.41%

Insulet +31.54%

Dexcom +134.21%

Tandem +1,348.79% and no this . . .

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