Current Market Bubbles and Predictions

Various bubbles exist in the current U.S. market, with many asset classes showing signs of overvaluation. Historical comparisons suggest that today's market is among the most inflated, following the peaks seen in 1929 and 2021 but still lagging behind Japan's notorious bubble in the late '80s. Despite predictions of a market correction that has not yet occurred, the presence of speculative excess continues to raise concerns regarding sustainability. The argument that advancements in AI provide a justification for elevated valuations does not resonate with analysts, as past technological booms also led to significant market busts.