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Nothing goes up in a straight line forever. Those who have been in markets for some time have most likely lived through some bubbles and major crashes. These events often occur when markets become too overheated and overvalued.
We have seen major bubbles and crashes since the turn of the century, notably the dotcom bubble in 2000 and the global financial crisis in 2008. Even those who were not invested during those periods have heard stories about the extreme overvaluation that caused those bubbles to pop.
