If you don’t see this bubble, you’re probably one of the following:
- A long-only equity fund shyster
- Someone that sells to long-only fund managers (or needs them on your show)
- You’re a Wall Street “economist” or chief investment officer
- You peddle a stock newsletter to lemmings
- You work for CNBC
- Your name is Bernanke or Yellen
- You work in a senior position at the Fed or Treasury
- You are visually impaired
- You are mentally impaired
- You prefer believing a storyline to using your brain
- You are an Ivy League professor who thought stocks were fairly valued in 2007
- Some combination of the above.