You know things are reaching hysterical levels when: A stranger walks up to you in a cafe and tells you he has a hot tip for the market. I wont pass that tip on and I wont be investing in that.
when: You are reading the AFR in a cafe and it has several stories indicating the bottom of the property market is upon us and a rate cut by the RBA is going to fix everything.
The above two incidents are linked, can you guess the link?