Comment Re:Damning (Score 1) 51
So true. Sadly these days the market can stay irrational almost indefinitely. The factors that helped constrain this irrationality, like actual government oversight and discipline of equities and debt, willingness to let large corporations fail, and investor discipline in discerning real growth from financial games have all been eroded.
I have no idea when valuations will fall, and I wouldn't want to be better on a market that has no basis in fundamentals at all.