/biz/ - Business & Finance

>>17488478
The absolute speed and breadth of this second decline in less than a year and a half should leave no doubt in your mind this is the largest equity bubble ever. If we were not in an equity bubble then this virus would only have had 1/10th the impact on markets that it has had.

I'm continuing from last thread. This run-up in every single financial product since the bottom in 2009 has just been staggering. Debt has historically low risk premiums right now, banks are not pricing in default rates anywhere near historic rates, let alone what current economic climates show the future default rates to look like. The bull in me wants to say "there's a lot of loose monetary policy left to go, so enjoy the crack up boom" but from a levelheaded perspective, this was the boom. The dollar has only gotten stronger during this historic run-up, you missed the train buddy the time to buy was 11 years ago. So who knows how high this is going to go, but extreme overvaluation masquerading as a tempered recovery with room and debt to go does not really sit right, and seems to go against the reality of rapidly deteriorating economic conditions.