[JSig]

"It's not a surprise that we know we have crises every five or ten years. My daughter came home from school one day and said, 'daddy, what's a financial crisis?' And without trying to be funny, I said, 'it's the type of thing that happens every five, ten, seven, years.' And she said: 'why is everybody so surprised?' So we shouldn't be surprised..." - Jamie Dimon (Chairman & CEO @ JP Morgan; Dir of the NY Federal Reserve)

If you agree with Mr. Dimon, the party will come to an end sooner or later - bubble or no bubble. Your best bet is to relax, enjoy yourself, have some drinks and ensure you have a driver to take you home when the party is over. As John Wooden said, "Failure to prepare is preparing to fail."

Personally, I don't know if there is a bubble. But, I see plenty of cracks in the system that are cause for concern.