Just from the sidelines,not sure if anyone has ever read a book by Raghuram Rajan a prominent Economist "Fault-Lines,how hidden Fractures Still Threaten the World Economy,,i have read the book a few times and will read it again till it sinks in,from what I read he talks about when we have artificially low interest rates below the appropriate normal levels that creates a massive asset push sometimes way above normal fundamentals that prices become so stretched when as they always do the interest rates go skyward the market reaction sometimes all markets overshot the value point,maybe it is the perfect storm..imho..
BTW Raghuram-Rajan was one person from early 2005 onwards that was warning about credit default securities,,and mortgage thin backed securities,noone took him seriously until the #### hit the star-delta high speed fan in 2008,just something to think about..imho..
http://press.princeton.edu/titles/9111.html