> It looks like we've been growing at full speed ever since. S&P 500 valuations after the crisis are out of touch with reality. Look here: http://www.multpl.co

> It looks like we've been growing at full speed ever since. S&P 500 valuations after the crisis are out of touch with reality. Look here: http://www.multpl.com/shiller-pe/ http://www.multpl.com/shiller-pe/. The stock market is incredibly overpriced i.e. companies' earnings aren't growing as much as people and institutions are buying stocks, driving their prices up. The reason for the bull market is that with near zero interest rates, everyone is looking for an investment vehicle that offers better inflation-adjusted returns than cash and bonds, even if it means taking more risk.