Asset prices have been quite frothy for a long time. They were high a year ago and then they shot much higher over the past year.
Read MoreSure, sentiment might be positive. Asset prices might continue to go up. But when you look at historical valuation metrics of certain assets such as stocks, they are trading at very high prices even when you bake in tax breaks and a rosy outlook. Then there is a virtual currency created as a joke that is valued at a billion dollars...














