Spectrophobia Spectrophobia Spectrophobia (from Latin: "spectrum", n. specio, an appearance, form, image of a thing; an apparition, spectre) or catoptrophobia (from Greek κάτοπτρον "kátoptron", "mirror") is a kind of specific phobia involving a morbid fear of mirrors, sometimes related to the fear of ghosts or the undead. This phobia is distinct from eisoptrophobia, which is the fear of one's own reflection. Generally, an individual that deals with spectrophobia has been traumatized in an event where they believe they have seen or heard apparitions or ghosts. The individual could also become traumatized by horror films, television shows, or by nightmares. This fear
Irrational exuberance Irrational exuberance "Irrational exuberance" is a phrase used by the then-Federal Reserve Board chairman, Alan Greenspan, in a speech given at the American Enterprise Institute during the dot-com bubble of the 1990s. The phrase was interpreted as a warning that the market might be overvalued. Greenspan's comment was made during a televised speech on December 5, 1996 (emphasis added in excerpt): The Tokyo market was open during the speech and immediately moved down sharply after this comment, closing off 3%. Markets around the world followed. The prescience of the short comment within a rather dry and complex speech would not