The two perspectives on cycles in the financial services business - the performance of financial services firms in this phase of the business cycle, and what asset quality indicators tell us about the state of the economy - together suggest that growth in economic activity will continue to support favorable conditions for financial institutions for at least the near term.
I am a believer that all these over-structures could be explained by underlying market psychology – Greed. Ignorance. Herd mentality. Disregard for or misuse of information. Exuberance. Irrationality.