Just curious, U.S. housing and stock markets are valued very high based on real terms and PE ratios. I've looked at posts where people suggested bubbles, and asking about possible corrections but were basically laughed at jerked around with snide comments.
What's the psychology behind it? What makes people angry at the idea that assets are overvalued? I know that no one can predict when corrections occur but is the general consensus that markets only go up long-term and ignore overinflated asset prices? Doesn't there come a point where people can objectively infer that a market is overvalued and the "it can only go up" rationale fall flat?
Submitted February 19, 2017 at 12:06AM by swiftessence http://ift.tt/2kADGAj
