Originally Posted by genejockey

Actually, both were an instance of excess money pouring into a market looking for safety and returns, leading to a rise in asset values triggering FOMO, pullng even more money into it. Indeed, it can be argued that the dotcom bubble led to the housing bubble. At this point in history, most of what we call 'investing' is really just gambling, but without the flashing lights, the cigarette smoke, and the scantily clad hostesses bringing fresh drinks.