Do you remember this book published in October 1999, right before the Nasdaq bubble topped out? The authors were ultimately correct, but perhaps a quarter of a century too early . Back in the late 1990s, the investment world was euphoric, giddy, and complacent. Today, there is widespread concern about an equity bubble.
I think that the fact that everyone is discussing a bubble suggests we may not be in one yet. Currently, corporate #profits are strong, whereas in the 1990s, stock prices surged even as corporate earnings began contracting in 1997.
