Markets go hyperbolic more often than we would like. The only predictable fact is that markets cannot continue to go hyperbolic indefinitely. I got a lot of flack for doubting the ability of bitcoin to continue its rocket trajectory [5], but in all bubbles comes a burst. The burst is usually more noteworthy than the rally [6].
The Nikkei is our newest darling:
[7]
The most interesting question is whether this is the beginning of the unraveling for Japan. Their 10 year yield has gone from 44bps to 85bps in a matter of a month and their stock market is overheating. Is this the result of effective central bank intervention or the spasms before the collapse?