The reason for my skepticism is this: In a mania such as this I don't think participants ever become 'aware' on their own when they are operating within a system that promotes the status quo. Usually, the break in sentiment comes when an event outside the system disrupts it. Right now, the two main risks are increased borrowing costs & a weakening China. If these issues are deemed low/no risk anymore, then we're back to square one & the mania marches on.
