The question here is over what timescale would you expect to see the new climb? Isn't what you're really describing is just boom and bust which is pretty much b

The question here is over what timescale would you expect to see the new climb? Isn't what you're really describing is just boom and bust which is pretty much business as usual, but you seem to be implying that it might just recover faster. But if that's true (I can sort of see the logic - essentially that Wall St won't learn it's lesson for which there is some evidence) doesn't it also follow that the next bust would just come faster? If the crash is really just what happens when the valuations defy reality then if the money comes rushing back faster, wouldn't that just come about again faster?