In the world of seemingly ever increasing asset prices that is getting harder and harder to justify, it's easy to say that there is a bubble. A state in which the market is driven by speculation rather than fundamental performance should scare anyone who finds themselves exposed, but the reality is that this has gone on for at least a decade. When you look at cryptocurrency prices, stock prices, and real estate prices all over the world, the Covid pandemic looks like a speedbump that investors soon forgot about. People have been saying that this crazy run to higher highs will end soon for years, and their rationale was very logical, but humans have a tendency to act irrationally, and since the market is the total sum of human psychology, it behaves as the average human would.
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