Euphoria

I was watching a review of the 1929 collapse and how just before that a euphoric feeling swept the country. Then I recall the S&L crisis of the 1980's where interest on CD's rose to 15% and commercial real estate values were increasing at what turned out to be an unsustainable rate. Next came the housing collapse of 2008 as people thought that housing prices would go up forever. A bank bailout was needed to save the economy from depression. Now there are other warning signs on the horizon. The Dow has almost double in five years and things like Bitcoin, which many do not understand, have doubled in value in the last year. Then you have Tesla a car company which is investing in Bitcoin and not selling many cars. The company has $50 billion in assets and the stock value is $1000 billion. People are looking at their 401K plans and think they will soon be rich. (euphoria) Is this an early warning that there are problems ahead.