- The bubbles in assets are supported by the invisible bubble in greed, euphoria and credulity.
- Well, folks, here we go again: we have a double-bubble economy in housing and stocks, and a third difficult-to-chart bubble in greed, euphoria and credulity.
- Feast your eyes on Housing Bubble #2, a.k.a. the Echo Bubble:
Here’s the S&P 500 stock index (SPX): no bubble here, we’re told, just a typical 9-year long Bull Market that has soared from a low in 2009 of 666 to a recent high of 2802 in January of this year:
Here’s a view of the same bubble in the Dow Jones Industrial Average (DJIA):
Read more at:Here We Go Again: Our Double-Bubble Economy