The market can stay irrational for a long time but it does eventually have to happen. The 2008 crisis was the result of overleveraging in 1999-2003 and interest rate rises from 2004-2007, so it can take years for it to crumble. 2 years is a long while but it could easily take two more before people realise the emperor has no clothes.
Have been hearing that for 2 years now
The market can stay irrational for a long time but it does eventually have to happen. The 2008 crisis was the result of overleveraging in 1999-2003 and interest rate rises from 2004-2007, so it can take years for it to crumble. 2 years is a long while but it could easily take two more before people realise the emperor has no clothes.