Comment by lancewiggs

Have a read of Jeremy Grantham’s book. Seeing bubbles is reasonably easy. Forecasting when they pop and when to get out is very hard. For example GMO as at the end of April were forecasting through the bubble that returns for large US equities would be negative over the next seven years. But since then the market has gone up by over 30%. It could pop any day, or could grow for two more years. Advice is to diversify your investments and make sure you avoid systemic risks. Read books by value investors.