Lots of talk about the stock market being a bubble.
Not by my definition. A bubble is when it just blows up and everyone joins in and everyone is talking about a new day.
Overpriced is not the same thing as a bubble.
By my standards, which basically consist of "I know a bubble when I see one," this isn't a bubble.
Not to say it won't correct 10 or 20% or something like that. It could even correct by 50% (which actually normally would be my definition of a bubble.)
I just don't see the insanity.
3 days ago