Up until the day before the economic collapse in 2008, many economists did not
see the housing bubble. I don't think that I would give credence to their
assessment of the stock market.The stock market is a bubble and it
is going to collapse (reset) again. It is just a matter of time. Maybe when
the FED stops printing money, or when the rest of the world decides that they do
not need the dollar as the reserve currency.
What do people expect them to say? Yes there is a bubble and as soon as the Fed
stop buying bonds and keeping interest rates low, then the market will reset? I
am sure that no economist wants that kind of attention. It would most likely
cause some panic and could set off a chain reaction. IMO, if the fed decide to
stop spending $85B per month buying bonds and keeping interest rates low it will
have a huge impact on the market. Their plan is to try and phase out of the
bond buying, but that is like trying to control the flow out of pandora's
box. Once it happens, the only thing you can do is sit back and watch. When
interest rates climb back up, people/companies will ease up on investing.
Nothing is for sure, but it will be interesting.