100% BUBBLE.
The question is not whether it is a bubble, but how much bigger it can get?
If we use 1980s Japan as a reference, then possibly much much bigger.
I think the mission for the financial world is to keep the momentum going.
https://www.advisorperspectives.com/dshort/updates/2024/12/19/margin-debt-up-9-3-in-november-highest-level-since-2021
Take margin loans for example, the trend is still up. Massive amounts.
Historically, speaking stocks are relatively very high too. See P/E10.
https://www.advisorperspectives.com/dshort/updates/2025/01/03/p-e10-and-market-valuation-december-2024
I am cherry picking, but I could literally post a hundred charts here.
Most people just 'invest' because the price keeps going up and up.
It is all about the belief that it will keep going up, and they can profit.
Simply works until it doesn't anymore.
