Considering that WF and the rest of the finance industry have the government's balls in their possession, I'd be bullish too. There are no practical obstacles to the next asset bubble cycle, and this one will be deliberately manufactured via policy decisions, whereas the last one was made by the banking industry and the government was just too incompetent to do anything about it. I think that Mr. Stumpf is just saying this to twist the knife that has been stuck in the market bulls' sides.
Some RE analyst was quoted as saying that we are entering what will be the biggest RE boom ever seen. I think that they were probably right. This one will be deliberately created by government policy with the goal of blowing a massive bubble. The fallout will also be unprecedented, but that is probably a decade out. Our government always wins gold at the Olympic Can Kicking events!