Saw the vote on top 70% say we are in a bubble.
Market wisdom is, If majority say there is a bubble, there is no bubble.
If majority say there is no bubble, there is a big one.
Corollary to this If every body is thinking there is a bubble, they will be cautious and hence create non-bubble situation.
If majority thinks there is no bubble and they will be risker thus creating a bubble
Cheers!
crankx