[abrenzel]

But don't you think we're seeing those in commodities and many stocks, including but not limited to tech stocks? You wouldn't see it in real estate, because popped bubbles don't reinflate. Whenever I see a company like Cisco drop huge %'s overnight not on a loss, but on "somewhat worse than expected" revenue, my alarm bells start going off.

[mkr-hn]

http://online.wsj.com/article/BT-CO-20110210-714816.html

"Cisco's (CSCO, $19.04, -$3.00, -13.61%) fiscal second-quarter profit declined 18% with margins sliding for a fourth consecutive quarter as the company faced increasing pricing pressure in its core products and sold less profitable consumer products. "

I'm seeing increased competition in a rough market driving profits down, not the warning bells of a pop.