Investment Grade Philippines: Bouts of Irrational Exuberance?

I have attached below a link to a sentiment that I have been stating for a long time.  This just assures me that Im not the only one who thinks the Philippines is over exuberant.  The chart following the link is what I have been calling for, and its a hell of a chart to say the least.

http://www.huffingtonpost.com/richard-javad-heydarian/investment-grade-philippi_b_3217544.html?utm_hp_ref=business&ir=Business