Looking Back at the First Roaring Twenties
To understand where the stock market may be heading, a Nobel laureate examines the pop culture of one of the greatest bull markets in history.
Wall Street brokers gesturing to signal trades on the Curb Market in the mid-1920s. The Curb Market was for stocks not listed on the New York Stock Exchange.Credit.Hulton Archive/Getty Images
By Robert J. Shiller
April 16, 2021Updated 9:24 a.m. ET
We are in a second Roaring Twenties, or so you might think, from the countlesscommentssuggesting that we are entering an exuberant decade that echoes the one of a century ago.