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"And yet I have learned over the years that nothing rises forever, and that the longer this goes on, the more severe will be any correction".
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Unfortunately, prices do not rise forever.
"You cannot believe that corporate earnings will rise forever at 7percentt," he said.
Most damaging, it nurtured the belief that home prices would rise forever.
But for a generation of investors, the golden decade created the illusion that the metal would keep rising forever.
Currently it is closely following the rising trend, but it can't carry on rising forever so much.
True, a lot of them got in over their heads betting that housing prices would rise forever.
It has become fashionable among many Wall Street types to say that the market will rise forever.
More recently the fallacy was that home prices would rise forever, defying the conventional relationship between supply and demand.
People don't have to believe prices will rise forever; they just have to believe that prices will rise until they decide to get out.
In the 1970s oil companies thought that the world's thirst for fuel to power big cars would rise forever and built the refineries to match that prediction.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com