Housing Bubble Mentality = DotCom Mentality

In this new article on InvestorElite, bubbleheads are compared to the
DotComHeads of 1998-2000. Back then, buyers believed that stock prices
must rise in the future because they rose so much in the near past. Now
bubbleheads are making a similar claim today, saying that prices must
fall in the future because they rose in the near past.

Unfortunately this is no way to value an investment. Future returns are
all about intrinsic value, not about what the return was last year.