This rally in equities, for example, took most markets from fairly valued at best to bubble territory in less than a year.

举例而言，股市的本轮反弹，使大多数市场在不到一年的时间内，从顶多称得上合理估值的水平进入了泡沫状态。

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Asked about his outlook on U.S. financial markets, Roubini said he would stay defensive on equities but he did not believe there was a bubble in treasuries.

当问及他对美国金融市场前景的看法时，Roubini说，他对美国股市持观望态度，但是不认为美国国债有泡沫。

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Indeed, continental European savers' appetite for equities never recovered from the bursting of the dotcom bubble.

实际上，欧洲大陆的储蓄者对于股票的胃口迟迟未从互联网泡沫破裂后恢复过来。

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"US liquidity concerns following the Fed minutes looks like the pin which will burst the recent bubble in equities, " said Mike McCudden, head of derivatives at Interactive Investor.

BBC: Stock markets fall after US Fed comments

We have been at zero percent since December 16, 2008 with recreated bubbles in commodities and equities with the housing bubble still deflating and with toxic mortgage securities still sloshing around the banking system.

FORBES: What Caused The Financial Crisis?

The other rare instance where values ventured so far from the trendline was during the Tech bubble (when equities were overvalued), but that is the exact opposite than what we have today.

FORBES: Stocks Got Cheap This Summer But They Could Get Cheaper