> The term "bubble" is reserved for really extreme cases.
Maybe so, but it doesn't tend to get tossed around until cases start to get extreme. There are a lot of rumblings that there's a bubble building here. Can you think of any examples in recent history when the rumblings of a bubble turned out to be hogwash?
That said, recent history also suggest that the rumblings of bubbliciousness tend to precede the ultimate burst by a good couple of years and the lead up to the burst has been where the most frantic run up takes place, so when bubble rumblings start, that might actually be the best time to get into a market... :-)
Maybe so, but it doesn't tend to get tossed around until cases start to get extreme. There are a lot of rumblings that there's a bubble building here. Can you think of any examples in recent history when the rumblings of a bubble turned out to be hogwash?
That said, recent history also suggest that the rumblings of bubbliciousness tend to precede the ultimate burst by a good couple of years and the lead up to the burst has been where the most frantic run up takes place, so when bubble rumblings start, that might actually be the best time to get into a market... :-)