Think of it this way, the investors are basically like people going to a casino. They start with a bunch money, and they start losing that money over time. That’s what’s happening here. Right now, they still haven’t lost enough money to quit playing, they still think they’ll make their investment back. At some point they either run out of money entirely, or they sober up and decide to cut their losses. That’s what’s going to change between now and when the bubble starts to pop. We simply haven’t hit the inflection point when the investors start to panic.
Think of it this way, the investors are basically like people going to a casino. They start with a bunch money, and they start losing that money over time. That’s what’s happening here. Right now, they still haven’t lost enough money to quit playing, they still think they’ll make their investment back. At some point they either run out of money entirely, or they sober up and decide to cut their losses. That’s what’s going to change between now and when the bubble starts to pop. We simply haven’t hit the inflection point when the investors start to panic.