[rohry]

"Funny, Alan warned us numerous times that the stock market was overvalued."

I only heard him warn once, back when the Dow was under 7,000. P/E ratios are actually higher now.

"There is no housing bubble, except maybe in a few specific locations."

Like the whole East and West coasts, the upper mid-West and other selected cities?

[Always Right]

I only heard him warn once, back when the Dow was under 7,000. P/E ratios are actually higher now.

Besides the “irrational exuberance” comment Greenspan made when stocks were about 7,000, Greenspan repeatedly warned about the over-value of the market through March 2000.

[Joe Hadenuf]

I tend to agree with the other poster. There is no housing bubble. Those areas you mentioned have always had pricier real-estate, and always will. If a bubble does exist anywhere, it's a very tiny one, in my opinion.