The transitional period when the current next big thing you previously invested in is not delivering and has been replaced by a new and shiny next big thing with higher predicted returns.
Probably, though I doubt absolutely everyone is going to stop wanting to buy new ponzi schemes, so sentiment will probably bounce around near the bottom for a while.
The transitional period when the current next big thing you previously invested in is not delivering and has been replaced by a new and shiny next big thing with higher predicted returns.