Your examples are why the market is seriously flawed here.<p>Why does it take so long for the market to correct and why does the market allow such huge variance from normal?<p>I think the answer is obvious, people get acclimated to their environment very quickly and lose the ability to see systemic problems.<p>Therefore it seems the market will tend towards local minimum.  Similar to how evolution works. It doesn&#x27;t handle gross changes without a lot of pain.