One of the hallmarks of a bubble is that it’s most easily detected after it has popped. Part of this is because there’s a certain logic to high prices at the time.
I have borrowed the above lines from a blog post I read today. I really liked this superb line from this blog post.
Very often, the investors want to know answer to this question in advance. However, very few have been able to correctly predict it and even fewer have been able to repeat the feat.
This is what I wrote in the book on this subject:
Attendee at a seminar: “There are bubbles in the market every now and then. What are the indicators of the next bubble?”
Expert speaker: “The day you stop thinking of this question, that is an indication of the next bubble.”
Enjoy while it lasts.