%%- Somebody pointed out almost ALL classes of assets: stocks, energy, gold, properties, etc, are at or near all time high, which hasn't happened before. When this gigantic bubble bursts, many people will get hurt. He observed however the final blow off phase prior to the burst hasn't happened yet. One may argue inflation and interest rates are way from record high. And so are agricultural commodities, Japan stock market (which 20 years ago was at 40,000), etc. Thousands of analysts out there analyze and forecast everyday, giving various scenarios. Also thousands of self claimed experts are out there teaching people how to invest. Before one gets started, he's already totally confused. %%- During Gulf War in 1990, crude oil shot from US$16 to $41/barrel and people predicted it'd go to $100. Maybe it eventually would. But it came down to $14 in '94 and $10 in '99.