Shaddows - 8:13 am on Aug 21, 2012 (gmt 0)
It's just that folks expected massive returns. They have to expect smaller returns over longer periods of time
I'd say widespread overpaying due to unrealistic expectations is a pretty good definition of a bubble.
I just don't understand how it's happening again, only 10 years after an identical problem. I get that the banks are just executing an exit strategy, but how are they getting the mugs to buy into the IPO?