Of course this bubble will end the way that all of our other stock market bubbles eventually ended, and recent market activity has a lot of people wondering if the time for that is drawing near. Signs of trouble have been percolating on Wall Street for weeks, and on Monday we finally witnessed an eruption of full-blown fear. The Dow Jones Industrial Average was down 725 points, and that represented the worst day for the index since last October. But one really bad day is not a crisis, and even though many individual stocks have already plunged into bear market territory, we have a long, long way to go before people start using the word "crash". In fact, I don't think that anyone should even think of using the word "crash" until the Dow drops below 30,000.
But without a doubt, a crash is inevitably coming.
Whether it happens this month, next month or next year, stock prices will plummet from these ridiculously inflated levels.
As for the plunge that happened on Monday, many are blaming it on fears about the "Delta variant"…