The issue is we have an absolute flood of money landing at least in the US. The build back better plan is all front loaded spending, back loaded taxes.
Where does all this money go? I'm serious. If you put it in the bank it makes 0.01%.
No question there is a bubble, but what's going to pop it, and where do people put their money - and no - I think crypto is pretty garbage so lets leave that out.
P/E ratios on equities are currently crazy as well.