The overpricing is like a mattress topper. It's considered stable enough for short term investment at least. Especially the kind of investment that relies in vo

The overpricing is like a mattress topper. It's considered stable enough for short term investment at least. Especially the kind of investment that relies in volatility and mob psychology. It's entirely to gain value from a bubble as long as the bubbles life span is longer than your goals. However you must exit the bubble before it pops by transferring ownership to someone who doesn't believe it is a bubble. The timing is important because you need the right mix of doubt and hope. When good news hits, it's actually a great time to offload the bubble gains as there is a spike in hope with more buyers believing in a longer bubble. This may account for why good news often is followed up with a drop. This is irregardless of belief in the stock. Bubble gains may be locked in to buy at a more reasonavke price because belief in the fundamentals of the stock are still strong. However the duration of the bubble causes the stock price to lose all growth rate information. As a tangent, this is why I don't believe wall street provides much value. Price discovery and liquidity is important yes, but most of the money made seems to revolve around psychological manipulation moated by lack of transparency.