Good write up OP - well done.
Unfortunately so many have and will be caught right up in exactly what your write about.
So many will need proof that the market is going up, they cannot see the long term and
will succumb to FOMO at the 12th hour before the markets "correct" and then
they will get influenced by FUD.
Just a little knowledge of the markets by reading your post for example will provide
some insight as to what to expect.