Bubbles suggest "irrational exuberance" but in this instance, equity values are actually operating off of a legitimate logic. Bond yields are low so investors a

Bubbles suggest "irrational exuberance" but in this instance, equity values are actually operating off of a legitimate logic. Bond yields are low so investors are putting more of their money into equities. Equity centered index funds and ETFs have also grown in popularity. Sure individual stocks might be bubbling, but the market as a whole is operating within an environment that's narrowed growth within certain asset classes. Saying "we're in a bubble" is always technically right since stock prices rarely reflect actual company value, unfortunately this article doesn't offer much insight beyond the obvious.