[dabauws]

Why should we care about whether we're in a market bubble or not, especially if one does not have their own money staked in the bubble? It's somebody else's capital that's at risk, no? If they're wrong, let them reap the consequences.

(cue rebuttal based on systemic consequences / financial bailouts etc, but you know what I mean; also, the dotcom bubble deflation didn't require a bailout)