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We won't have to worry about a bubble until no one thinks it's possible for the market to go down. Right now we have good earnings and low interest rates. Inflation is well under control despite runaway commodities. I expect a tsunami of S&P records over the next 2 years. After that.....
It's not really different this time but it sorta is. The new bubble hasn't really got going yet. Too many people remember 2000-2002 so everyone is being cautious. The real bust was in the tech area where all anyone needed to have an IPO was a web site and "dot com" in the name. The real beneficiaries of the tech revolution didn't go up all that much or down for that matter. This time the companies that benefited from all that tech stuff will see the payout.
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The object of life is not to be on the side of the majority, but to escape finding oneself in the ranks of the insane -- Marcus Aurelius
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