Doesn’t it seem like we’re always in a bubble. The worst part is the experts say when the bubble pops it’s going to be really bad. They don’t tell you when or how bad. They just like to make sure if you’re going to buy stocks, then you might want to buy brand new underwear.
A stock market bubble is tricky because when you’re in it every moment is occupied by thoughts like this is great, I can’t believe my stock goes up every day and I’m out once I get all my money from the last crash. Not making that mistake again. Right.
Then there is the people who know there is a bubble, but are too afraid to jump in. So they sit on the sidelines with a face like they just discovered lemon for the first time. They warn stocks just can’t keep on going up. But every day they do.
The Straight Dope – Yes we are in a bubble. Best way to approach this is to dollar cost average until the thing looks like it is going to pop. Once you sell be happy with what you got.