5. Suppose you think the U.S. equity market is highly overvalued and your analysis suggests that...

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5. Suppose you think the U.S. equity market is highly overvalued and your analysis suggests that the market would crash by January 2023. But it still seems that on average, the investors are very optimistic about the next two years' performance contradicting your hypothesis. Pick at least two behavioral biases of the investors that could preserve the market's bullish trend even in the year 2023. Explain. (5 Points) 5. Suppose you think the U.S. equity market is highly overvalued and your analysis suggests that the market would crash by January 2023. But it still seems that on average, the investors are very optimistic about the next two years' performance contradicting your hypothesis. Pick at least two behavioral biases of the investors that could preserve the market's bullish trend even in the year 2023. Explain. (5 Points)