Nope. No stock market bubbles to dwarf previous bubbles since 1995. Nothing here to see. 1987 was considered a bad crash, and it was mild compared to early 2000s and 2008.
If we’d followed the trendline from the 80s through mid 90s, we’d be at about S&P 1000 now without two major recessionary shocks.
As far as real-estate “recovering” from a defence bubble in the early 80s, “recovery” implies that it was fairly priced in the early 80s. And that the re-pricing after the defence bubble burst was a disease, not strong medicine.
