Even analysts who had argued for loosening the old standards, by which the market was clearly overvalued, now think it has maxed out for a while.
( ( ( ( ( ( Even analysts ) ( who ( had ( argued ( for ( loosening ( the ( old standards ) ) ) ) ) ) ) ) , ) ( ( by which ) ( ( the market ) ( was ( clearly overvalued ) ) ) ) ) , ) ( now ( ( think ( it ( has ( ( maxed out ) ( for ( a while ) ) ) ) ) ) . ) ) )
(ROOT (S (NP (NP (NP (RB Even) (NNS analysts)) (SBAR (WHNP (WP who)) (S (VP (VBD had) (VP (VBN argued) (PP (IN for) (S (VP (VBG loosening) (NP (DT the) (JJ old) (NNS standards)))))))))) (, ,) (SBAR (WHPP (IN by) (WHNP (WDT which))) (S (NP (DT the) (NN market)) (VP (VBD was) (ADJP (RB clearly) (VBN overvalued))))) (, ,)) (ADVP (RB now)) (VP (VBP think) (SBAR (S (NP (PRP it)) (VP (VBZ has) (VP (VBN maxed) (PRT (RP out)) (PP (IN for) (NP (DT a) (NN while)))))))) (. .)))
Some analysts wanted to make the old standards toughter.
( ( Some analysts ) ( ( wanted ( to ( make ( the ( old ( standards toughter ) ) ) ) ) ) . ) )
(ROOT (S (NP (DT Some) (NNS analysts)) (VP (VBD wanted) (S (VP (TO to) (VP (VB make) (NP (DT the) (JJ old) (NNS standards) (NN toughter)))))) (. .)))