[bridanp]

My wife showed me a video earlier of some kids laying under a trampoline, and on top of the trampoline was balloon slowing filling with water. The kids are giggling because they know what's going to happen, they just don't know when: the balloon will pop and they'll get soaked. But the balloon continues to fill with water until it's almost the size of the trampoline top itself. It seems likes it's taking forever to fill, and the balloon is much larger than anyone in the video expected. Maybe it won't pop...and then it finally does. The inevitable happens and the kids are soaked.

I don't think the argument is whether we are or are not in a bubble. It seems pretty clear that a bubble is filling around us (whether that is a slow or quick fill is a personal point if view). The argument really should be how long do we continue to risk getting soaked versus staying dry (keeping our investments). I think some are finding a solution by removing themselves from the equation and taking their investment dollars elsewhere. And that singular act, if/when it starts to exponentially grow, will ultimately decide the timing of the burst.

[jrbapna]

I'm uncertain if this is true. The market is the market is the market. The value of a company is what investors believe it to be. In tech, unlike an industry like lets say, Automobiles, this "worth" is very difficult to quantify. Tech companies can be scaled to near infinity (Apple) or go to zero with one wrong move. Investors are placing their bets.

Whatever industry replaces "tech" as the next great revolution (perhaps AI?) will have "bubbles" orders of magnitudes greater than what we're seeing now. If you think we're in a bubble now, which we very well could be (I'm unsure), just wait for the future.